Intel is a buy now that the worst is priced into the chip stock, Benchmark said. Analyst Cody Acree upgraded the semiconductor firm to buy from hold, saying that investors should get more "constructive" on the stock after its better-than-expected earnings results. Intel beat on the top and bottom lines in its first quarter. It also posted its largest-ever quarterly loss , as well as its fifth straight quarter of falling sales.
mountain Intel shares 1-day "[We] believe the company's results and outlook now reflect a worst case scenario considering the current macro-economic climate and accordingly we believe it is prudent to begin to take a more positive stance on Intel's shares," Acree said to clients in a Friday note.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Intel tops Wall Street estimates, CEO says data-center business is improvingIntel Corp. shares began to surge in the extended session Thursday swinging from an earlier loss.
Baca lebih lajut »