Citi analyst Christopher Danely saw Intel Corp. experience some headwinds as PC shipments fell below Citi’s estimates. Danely had a Neutral rating and a $55 price target on Intel (18.1 percent upside). Danely observed that March notebook shipments were up 33 percent month-over-month, missing the targeted 42 percent growth. For Q1, shipments fell 20 percent quarter-over-quarter, missing the 18 percent decline the bank was expecting. Danely saw PC sales cool off in the second half of 2022 due to a reversion to the mean after two straight years of double-digit growth. Any rebound was short-lived as the consumer market decelerated amid the Ukraine crisis, China’s Covid resurgence. ...
Source: https://www.theepochtimes.com/yet-anoth ... 02393.html
Yet Another Analyst Sees Slowdown in PC Shipment Causing Headwind for Intel
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Yet Another Analyst Sees Slowdown in PC Shipment Causing Headwind for Intel
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