Intel stock drops into long weekend as Citi lifts rating; earnings test looms
Intel shares fell 2.8% to $46.96 on Friday, underperforming the Philadelphia Semiconductor index, which rose 1.2%. The drop followed a Citi upgrade to Neutral and a price target hike to $50. Intel reports quarterly results Jan. 22 after the U.S. market close. About 127.3 million shares traded.