Citigroup Said Intel Corp's Earnings May Turn Out Better-Than-Expected (INTC)

Financial News Network
October 18, 2011 AT 10:26 AM
Citigroup said that Intel Corp.'s (NASDAQ:INTC) earnings may turn out better-than-expected and maintained its buy rating on the stock, with a $25 price target.The bank sees 2011 EPS of $2.28 and 2012 EPS of $2.31.Intel has potential upside of 10.4% based on a current price of $23.29 and an average consensus analyst price target of $25.7.Intel is currently above its 50-day moving average (MA) of $21.04 and above its 200-day of $21.48.In the last five trading sessions, the 50-day MA has climbed 0.66% while the 200-day MA has risen 0.27%.