Intel Downgraded to “Neutral” at Piper Jaffray (INTC)

Filed in dividend, downgrade, Gold Investment, Intel Corp, o, shares, target by on January 3, 2011 0 Comments

Computer processor maker Intel Corporation ( INTC ) on Monday saw its rating cut by analysts at Piper Jaffray. The firm said it downgraded INTC from “Overweight” to “Neutral” with a $21.50 price target. That target implies a small upside from the stock’s Friday closing price of $21.03. Intel shares were mostly flat in premarket trading Monday. The Bottom Line Shares of Intel Corp ( INTC ) have a 3.42% dividend yield, based on Friday’s closing stock price of $21.03. The stock has technical support in the $19 price area. If the shares can firm up, we see overhead resistance around the $22-$23 price levels. Intel Corporation ( INTC ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Intel Downgraded to “Neutral” at Piper Jaffray (INTC)

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