NEW YORK (AFX) -- Banc of America analyst Sumit Dhanda said it was 'time to take the plunge' on Intel's stock , as he believes investor negativity over the semiconductor giant's outlook 'might have overshot reality.' He reiterated his buy rating and $25 stock price target. The stock, a component of the Dow industrials, was last up 5 cents at $19.17 in Instinet pre-open trading. On Wednesday, the stock had closed at a 3-year low of $19.12, and had lost 23% since the end of 2005. 'Concern over share loss to Advanced Micro Devices, aggressive pricing and excess inventory have impacted results and perception through the quarter,' Dhanda said. He believes the worst is behind the company, and said investors should expect a reduction, but 'not a hack,' to June quarter estimates after Intel posts results on April 19. This story was supplied by MarketWatch. For further information see www.marketwatch.com.
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