intc降级 lowered target# Stock
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Estimates have been lowered for technology company, Intel Corporation(INTC)
at Goldman Sachs and Citigroup on Thursday.
Goldman Sachs reported that they have given the company a price target of $
16. This price target suggests a 19% decline from the stock’s current price
of $19.84. The firm predicts a decline as margins are expected
to decrease in the next couple quarters.
Additionally, estimates for INTC were also reduced at Citigroup with a price
target of $21. This price target suggests a slight increase from the stock
’s current price. The firm currently has a “Neutral” rating on INTC.
Analysts at Citi lowered estimates due to continued guidance risk.
Intel shares were down 26 cents or -1.29% during premarket trading Thursday.
The stock is down -17.15% YTD.
at Goldman Sachs and Citigroup on Thursday.
Goldman Sachs reported that they have given the company a price target of $
16. This price target suggests a 19% decline from the stock’s current price
of $19.84. The firm predicts a decline as margins are expected
to decrease in the next couple quarters.
Additionally, estimates for INTC were also reduced at Citigroup with a price
target of $21. This price target suggests a slight increase from the stock
’s current price. The firm currently has a “Neutral” rating on INTC.
Analysts at Citi lowered estimates due to continued guidance risk.
Intel shares were down 26 cents or -1.29% during premarket trading Thursday.
The stock is down -17.15% YTD.