Bank of America analysts downgraded Intel shares to "underperform" on Friday after the chipmaker's third-quarter report revealed new weaknesses in its business.
Bank of America lowered its price target for Intel shares to $45 from $60, implying a 17% drop from Thursday's closing level over the next 12 months. Shares nearly hit the new target on Friday, reaching an intraday low of $47.66 as of 12:05 p.m. ET.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Source: Forbes - 🏆 394. / 53 Read more »
Digital-Only Bank Account Holders Forecast from Insider Intelligence - Business Insider[NEW REPORT] Digital-Only Bank Account Holders Forecast: insider_intel explores key factors expected to affect digital-only bank account holder growth in the US, UK, and Canada between now and 2024
Source: BusinessInsider - 🏆 729. / 51 Read more »
Target launches technology to monitor lines at stores in real-time - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Indie Campers announced a subscription camper van pricing model - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What’s happening with that headline 🧐
Source: BusinessInsider - 🏆 729. / 51 Read more »