Lazard Capital Maintains Neutral on Intel

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Lazard Capital is out with its report today on Intel
INTC
, maintaining Neutral. In its report, Lazard Capital writes, "We maintain our NEUTRAL rating on INTC for the following reasons: While we believe the company is a strong play on enterprise upgrade, we see 1) a lack of a real entrée into the high growth segments of smartphones and tablet; 2) lack of real earnings leverage due to inline seasonal guidance and increasing opex; 3) a cautious PC market due to macro headwinds and changes in the industry." At the time of posting, shares of INTC were trading pre-market at $20.18, down 0.57% from Monday's close.
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Posted In: Analyst ColorAnalyst RatingsInformation TechnologyLazard CapitalSemiconductors
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