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Bank of America upgrades Intel, says it can ride out a chip slowdown and the shares are cheap

Bank of America upgrades Intel, says it can ride out a chip slowdown and the shares are cheap

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2019/01/04/bank-of-america-upgrades-intel-says-it-will-outperform-large-cap-peers-in-2019.html

Bank of America upgraded Intel to buy from neutral on Friday, saying the chipmaker is slated to outperform its large-cap peers in 2019.

"Trading at just 10 times price to earnings, Intel is a compelling large-cap investment levered to multiple secular advances -- cloud, artificial intelligence, 5G, autonomous cars," the bank's analyst Vivek Arya said in a note on Friday.

Bank of America upgrades Intel, says it can ride out a chip slowdown and the shares are cheap

Jan 4, 2019, 1:19pm UTC
https://www.cnbc.com/2019/01/04/bank-of-america-upgrades-intel-says-it-will-outperform-large-cap-peers-in-2019.html > Bank of America upgraded Intel to buy from neutral on Friday, saying the chipmaker is slated to outperform its large-cap peers in 2019. > "Trading at just 10 times price to earnings, Intel is a compelling large-cap investment levered to multiple secular advances -- cloud, artificial intelligence, 5G, autonomous cars," the bank's analyst Vivek Arya said in a note on Friday.