Reported about 17 hours ago
As Intel prepares to release its second-quarter earnings, all 11 analysts from Visible Alpha have issued a 'hold' rating for the stock, with a consensus price target around $22. The focus is on Intel's foundry division, where CEO Lip-Bu Tan is contemplating significant changes that could potentially result in major technology cost write-offs. Analysts forecast a 7% drop in quarterly revenue, with estimates at $11.93 billion, while Intel initiates layoffs as part of its restructuring plan.
Source: YAHOO