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INTC: Raymond James Cuts To Hold On Thai Flood Worries
Written on:November 25, 2011
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By Tiernan Ray Raymond James’s Hans Mosesmann today cut his rating on shares of Intel (INTC) to Market Perform from Outperform, after cutting his estimates because of recent flooding in Thailand, and arguing PC market weakness may make it hard to support the current multiple on the stock. Mosesmann cut his estimate for this year to $2.44 per share in profit on the same $54.81 billion in revenue, but fore…
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