Analysts Hitting and Missing Their Price Targets Message Board

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Non-Tech : Analysts Hitting and Missing Their Price Targets

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To: Jack Hartmann who started this subject	9/21/2000 6:17:24 PM
From: Jack Hartmann	Read Replies (1) of 56

Why Whittington, Niles, and Kumar lost credibility on INTC. Rick Whittington from B of A. DOWNGRADED INTC on 9/13 from STRONG BUY to MARKET PERFORM only to UPGRADE it to a BUY on 9/19 with a $70 price target. Kumar downgraded INTC on Sep 5. Made it a trading buy on Sept 20. Sept 5 (Reuters) - US Bancorp/Piper Jaffray said on Tuesday that analyst Ashok Kumar has lowered his investment rating on No. 1 chip maker Intel Corp. (NasdaqNM:INTC - news) to ``buy'' from ``strong buy,'' citing ``unexpected demand weakness.'' 9/21/00 Intel (INTC) 61 3/4 -1 5/16: Lehman Brothers analyst Dan Niles comments on Intel; believes demand looks good with the exception of Europe which is picking up and retails demand is solid with normal levels of channel inventory; additionally notes that even though shares are up 53% versus the Nasdaq which is down 4%, he continues to believe that its performance will continue, reiterates $88 price target. Last hour today Intel Warns of Third-Quarter Revenue Shortfall The SEC should really look at these three and the trading practices of there firms in the last three days. Jack

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