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Citi Reiterated Neutral Rating On Intel, AMD – Read Why

Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi's expectation of up 29% due to demand deceleration.  This is the fifth consecutive month where notebook shipments were below expectations. 
byAnusuya Lahiri
June 13, 2022
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  • Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi’s expectation of up 29% due to demand deceleration. 
  • This is the fifth consecutive month where notebook shipments were below expectations. 
  • Carrie Liu, Citi’s Taiwan notebook analyst, lowered 2Q22E notebook shipments from down 3% Q/Q to down 11% Q/Q, well below seasonality of up 5%-10% Q/Q. 
  • The new forecast implies a 13% Y/Y decline for 1H22E. 
  • Citi reiterated Neutral ratings on Intel Corp (NASDAQ:INTC) and Advanced Micro Devices, Inc (NASDAQ:AMD) as they expected a contraction in the PC market to impact both negatively. 
  • Price Action: INTC shares traded lower by 2.29% at $38.28 on the last check Monday.
 
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Expert Ratings For PPG Industries

By Benzinga Insights
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Over the past 3 months, 8 analysts have published their opinion on PPG Industries (NYSE:PPG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

PPG