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Intel (INTC) is downgraded to Neutral at Citigroup which cites Asian checks and PC unit growth...

Intel (INTC) is downgraded to Neutral at Citigroup which cites Asian checks and PC unit growth falling 1%. That's outstanding analysis after the stock has fallen more than 20% since May, and following the company's downside guidance last week. Shares -0.7% premarket.
Comments (13)
  • a little late for a downgrade? The weatherman just said it'd rain 20 minutes into the storm
    13 Sep 2012, 07:46 AM Reply Like
  • When we see this late to the game calls it is usually a good time to
    put the item on your watch list and get ready to buy.
    13 Sep 2012, 07:50 AM Reply Like
  • It amazes me that you can come out with a downgrade at this point after a drop in the stock. Where was this analyst when the stock was trading 27??
    13 Sep 2012, 08:46 AM Reply Like
  • Yeah it would be amazing if it didn't happen over and over again, the business of upgrades and downgrades is ridiculous.
    13 Sep 2012, 09:10 AM Reply Like
  • That analyst is sharp as a tack.
    13 Sep 2012, 09:13 AM Reply Like
  • Ignore analysts. Buy companies you use and see people using: HD, KO, APPL and so on. You will do better.
    13 Sep 2012, 09:51 AM Reply Like
  • Citigroup downgraded EXC yesterday, too, after a drop of 20%. Less than useless after the decline has already happened.
    13 Sep 2012, 10:01 AM Reply Like
  • I think the Latin phrase is A Posteriori. It has always been thus. "All of them" are talking about the past, but the future is "behind us", where we cannot (fortunately) see it, always unknowable. AND it takes courage to venture to say anything, anything at all about the future!
    13 Sep 2012, 03:43 PM Reply Like
  • "...Citigroup which cites Asian checks and PC unit growth falling 1%."

     

    Well, thank god he waited until the channel check numbers came in before he downgraded the shares to neutral!
    13 Sep 2012, 04:40 PM Reply Like
  • It truly is ridiculous I went to college thinking I wanted to be an analyst until I realized that they really had no clue and that the ratings they produced had no value. At least a trader stands behind his decisions.
    13 Sep 2012, 04:56 PM Reply Like
  • Always do opposite to Goldman Sachs tactic....lol
    15 Sep 2012, 10:18 AM Reply Like
  • Wait! When Intel gets back to>25 they will call it a buy!
    16 Sep 2012, 03:01 PM Reply Like
  • They downgraded to wash out the rest of the week holders. Why to get the 4% yield. Not sure if $22.50 will hit, but that is the way the game is played. Goldman Sachs is notorious for downgrading to clear their short positions, or to gain an entry price. Citi, they are all the same. I plan to pounce on that 4% price if it hits.
    16 Sep 2012, 03:50 PM Reply Like
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