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Intel Downgraded at UBS; “Neutral” Rating (INTC)

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November 20th, 2012

Intel Downgraded at UBS; "Neutral" Rating (INTC)

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UBS reported that they have downgraded technology company, Intel Corporation(INTC) to “Neutral” on Tuesday.

The firm reported that they have downgraded Intel from a “Buy” to “Neutral,” and have given the company a price target of $21.50. This price target suggests a 7% increase over the stock’s current price of $19.95.

The company was downgraded due to uncertainly with the CEO transition.

Intel shares were down 30 cents, or -1.48% during premarket trading Tuesday. The stock is down 16.49% YTD.

The Bottom Line
Shares of Intel Corporation (INTC) have a 4.44% dividend yield, based on last night’s closing stock price of $20.25. The stock has technical support in the $18-$20 price area. If the shares can firm up, we see overhead resistance around the $22-$24 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.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.