UPDATE: Sterne Agee Lowers Price Target on Intel to $26

By John Harris
Benzinga Staff Writer
January 06, 2012 8:23 AM

Symbols: INTC

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Sterne Agee, Intel (NASDAQ: INTC) price target is lowered to $26.

Sterne Agee said that it is lowering INTC from a Buy to a Neutral. “We believe QCOM offers a better opportunity as it is best positioned to capitalize on Smartphone growth and incremental PC TAM with Win8 PC. Lowering our estimates and PT to $26.”

Intel closed yesterday at $25.40.

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UPDATE: Sterne Agee Lowers Price Target on Intel to $26

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