Intel stock slides into holiday week as Jefferies lifts target, earnings near
Intel shares fell 2.8% to $46.96 Friday, bucking a 1.2% gain in the Philadelphia SE Semiconductor index. Jefferies raised its price target to $45 but kept a Hold rating, citing risks from weak PC sales and margin pressure. Intel will report earnings Jan. 22, with options markets pricing in a 9% swing. U.S. markets close Monday for Martin Luther King Jr. Day.