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

By Dividend.com,  January 03, 2011, 08:56:28 AM EDT

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 Dividend.com 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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: INTC



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