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Intel Started as “Underweight” at Morgan Stanley; Estimates Well Below Consensus (INTC)

By Dividend.com,  May 31, 2012, 08:41:11 AM EDT

Computer processor maker Intel Corporation ( INTC ) on Thursday caught some bearish sentiment from analysts at Morgan Stanley.

The firm initiated coverage on INTC with an "Underweight" rating (essentially a "Sell"), citing limited earnings growth potential amid higher costs and lower average selling prices.

Morgan Stanley said it expects the company to earn just $2.37 per share in 2014, which is sharply lower than the Wall Street consensus estimate of $2.90 per share.

Intel shares posted small losses in premarket trading Thursday.

The Bottom Line
We recently began recommending shares of Intel Corp ( INTC ) back on May 18, when the stock was trading at $26.19. The company has a 3.44% dividend yield, based on last night's closing stock price of $26.13.

Intel Corporation ( INTC ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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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