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Wednesday, 06/05/2013 3:40:50 PM

Wednesday, June 05, 2013 3:40:50 PM

Post# of 151699
Here comes downgrade
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JPMorgan analyst Christopher Danely believes Intel's (NASDAQ: INTC) growth outlook for the second half of the year is at risk due to continued softness in PC demand. Danely noted that share gains in tablets were not enough to offset declines in PCs, and he sees downside to H2 estimates.
JPMorgan has a Neutral rating on Intel with a price target of $18.00.
For an analyst ratings summary and ratings history on Intel (NASDAQ: INTC) click here. For more ratings news on Intel click here.
Shares of Intel closed at $25.36 yesterday, with a 52 week range of $19.23-$27.75.
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