Intel’s outlook cut at Sterne Agee as stock falls
LONDON (MarketWatch) — Sterne Agee late Thursday pared its outlook on Intel after the semiconductor giant posted an in-line fourth-quarter profit. “With potentially new tablets/iPads, not much excitement around PCs and increasing capex spending, we believe there could be some continuing challenges,” analyst Vijay Rakesh said in a note. He reiterated his neutral rating on the stock with a price target of . Intel shares added 2.6% on Thursday to close at .68 but fell to .48 in extended tradng in reaction to the quarterly results.
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