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