- Goldman is removing Intel (NASDAQ:INTC) from the Americas Conviction Buy List, as the stock is nearing their $22 12-month target price post strong share performance over the past several months. Further, they do not expect Intel to report significant upside to CY3Q06 earnings, which given aggressive Street expectations, may pose some near-term risk to the stock. Intel has increased 13% since the firm added it to the Americas Conviction Buy List on 6/26/2006, versus the S&P 500 performance of up 8%. The stock has declined 13% over the past 12 months, versus the S&P 500 performance of up 13%.
Firm would look for a pullback in the stock post the company's CY3Q06 earnings report on 10/17/2006 to be more aggressive on the shares, as they remain very much convinced about Intel's ability to improve margins in the coming quarters. The greatest risk to near-term more cautious view on the stock is significant upside to 2007 Street EPS estimates.
Notablecalls: INTC's a sell, INTC's a sell....
Firm would look for a pullback in the stock post the company's CY3Q06 earnings report on 10/17/2006 to be more aggressive on the shares, as they remain very much convinced about Intel's ability to improve margins in the coming quarters. The greatest risk to near-term more cautious view on the stock is significant upside to 2007 Street EPS estimates.
Notablecalls: INTC's a sell, INTC's a sell....
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