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As Intel's Price Climbs, Vetr Downgrades

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On Thursday, the Vetr crowd downgraded their rating for Intel Corporation (NASDAQ: INTC) from 4.5 stars (Strong Buy), issued eight days ago, to 4 stars (Buy). Crowd sentiment for the stock is mostly positive, with 80 percent of Vetr user ratings bullish.

After a nearly 11 percent drop at the tail-end of October into November, Intel has shown signs of a bounce back early in December. The stock traded recently at $35.72.

Microsoft Corporation (NASDAQ: MSFT) recently gave further details on its partnership with Intel in creating its next generation of PCs. Rumors have also been circulating that Intel is preparing to unveil a new high-end CPU at next year's Gamescon.

See how crowdsorced rating could help you time the market.

Currently, the Vetr crowd's average user target price for Intel is up at $39.47, which is close to the the average analyst target price of $39.72. More than 2 percent of users are holding INTC in their watch lists.

 

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Posted-In: VetrDowngrades Crowdsourcing Analyst Ratings

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