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To: Northern Marlin who wrote (8765)10/18/2000 9:06:07 AM
From: DJBEINO  Read Replies (1) | Respond to of 9582
 
RESEARCH ALERT-ABN AMRO raises Intel rating
NEW YORK, Oct 18 (Reuters) - ABN AMRO on Wednesday said it had raised its rating on semiconductor maker Intel Corp. (NasdaqNM:INTC - news) to outperform from hold.

It said its confidence in the company rose after its third-quarter earnings conference call.

Intel on Tuesday reported third-quarter profits that rose 52 percent, topping diminished expectations.

ABN AMRO said it had set a 12-month price target of $44 for Intel shares.

The shares closed at $36-3/16 on Tuesday.