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Strategies & Market Trends : India Coffee House

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To: ratan lal who wrote (3245)11/20/1998 9:21:00 AM
From: JPR  Read Replies (2) of 12475
 
Ratan, mohan and all:

INTC: Downgraded, but price target lifted: A paradox???

Summary:
NEW YORK, Nov 20 (Reuters) - Prudential Securities analyst Hans Mosemann said Friday he cut his rating on Intel Corp. (NASDAQ:INTC) to an accumulate from a strong buy rating while lifting the company's price target to $130 a share from $120. -- Mosemann also cut Cypress Semiconductor Corp (NYSE:... -- Further details were not immediately available. -- Intel shares closed at 112-7/8 and Cypress shares closed at 10-15/16 on Thursday.
For the full text of the article, go to:
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