Intel: J.p. Morgan Downgrades; Sees Margins Peaking

J.P. Morgan analyst Christopher Danely this morning reduced his rating on Intel to Neutral from Overweight, asserting that ?margins are peaking.? The analyst contends that Intel?s gross margins will fall to 60.6% in 2012 and 2013 from 62.5% in 2010 due to higher depreciation and weaker pricing. Danely says one of his rules of chip ...

Topics:  j.p morgan   christopher danely   intel   overweight   margins   peaking   analyst   
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