Coronavirus fears roil Spain tech show as Intel joins Sony and Amazon in pulling out [MarketWatch]
Intel Corporation (INTC)
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Source: MarketWatch
Coronavirus fears roil Spain tech show as Intel joins Sony and Amazon in pulling out Intel Corp. has become the latest major technology company to bail on one of the biggest mobile conferences of the year amid concerns over the outbreak of the coronavirus. “The safety and well-being of all our employees and partners is our top priority, and we have withdrawn from this year’s Mobile World Congress out of an abundance of caution. We are grateful to the GSMA for their understanding and look forward to attending and supporting future Mobile World Congress events,” said a statement from Intel Corp. INTC, +1.34% INTC, +1.34% on Tuesday. Spanish media has reported that organizers will meet Friday to decide whether or not to go ahead with the annual Barcelona, Spain event. A spokesperson from the GSMA, an industry organization that represents the mobile industry and is behind the event, said it does not comment on internal meetings. Amazon.com AMZN, +1.52% , Sony SNE, +0.53% , E
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- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at JPMorgan Chase & Co. from $37.00 to $35.00. They now have an "underweight" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $39.00 to $34.00. They now have a "sell" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at Mizuho from $55.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its "sell" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $17.00 price target on the stock.MarketBeat
INTC
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- 4/25/24 - Beat
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- 4/26/24 - Form 10-Q
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- 4/25/24 - Form 8-K
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