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September 17, 2010 11:21 AM EDT
Canaccord Genuity reiterates a 'Hold' on Intel Corporation (Nasdaq: INTC), lowers PT from $19 to $18.
Canaccord analyst says, "We maintain our rating and lower our estimates and price target following recent checks into demand and pricing. We believe Intel has dramatically lowered prices for microprocessors and chipsets in a bid to stimulate demand, offset effects of iPad, and clear inventory."
Canaccord lowers estimates: Revenue: Q3/10E remains $11 billion; C2010E lowered from $43.61 billion to $42.81 billion; C2011E lowered from $45.18 billion to $42.80 billion. EPS: Q3/10E remains $0.51; C2010E lowered from $1.97 to $1.91; C2011E lowered from $2.03 to $1.79.
To see all the upgrades/downgrades on shares of INTC, visit our Analyst Ratings page.
Shares are trading at $18.89, down $0.08 (-0.42%)
