Intel Shares Neutral With Competition, As Coinstar Faces Pressure Too

With no clear major direction in today’s financial markets to close out the weak, analysts share a bit more caution on the following companies. Here are the reasons why there are not as bullish as they once were:

Intel (NASDAQ:INTC): UBS’ Uche Orji says, several chipmakers are counting on a boost from the Consumer Electronics Show for their book and tablet products. The high-end market has definitely belonged to iPad.  Nividia (NASDAQ:NVDA), Qualcom (NASDAQ:QCOM), and Texas Instruments (NYSE:TXN) are hoping boost fortunes for their tablet offerings.  Intel wants to highlight its MacBook Air-like ‘ultrabook’ set to run on its next-gen Ivy Bridge chips.

Sterne Agee downgraded from Buy to Neutral and changed target to $26.

Community Trust Bancorp (NASDAQ:CTBI): Community Trust Bancorp’s first quarter earnings-per-share 48 cents beats estimates by 11 cents. Noninterest income, excluding gains and losses on securities, up from the previous quarter +22.4 percent and year-over-year up +16.4 percent.

Hilliard Lyons downgraded from Buy to Neutral and changed target from $30 to $31.

Coinstar (NASDAQ:CSTR): Morgan Keegan downgrades Coinstar to Market Perform.  The firm cites Time Warner’s doubling of the waiting period for rental of new releases for Blockbuster, Netflix and Redbox. The firm says shares, “remain pressured until the company provides further evidence of a life beyond DVD.”

Morgan Keegan downgraded from Outperform to Mkt Perform and lowered target from $60 to $42.

WCA Waste (NASDAQ:WCAA): Texas-based WCA Waste agrees to acquisition by Macquarie Infrastructure Partners II.  The waste removal firm will be acquired for $526 million, at about $6.50 per share, a 32 percent premium over yesterday’s closing price.

Wunderlich downgraded from Buy to Hold and changed target to $6.5.

Further Reading: Are Investors Getting Physical With Gold and Silver?>>

To contact the reporter on this story: Jim Wilkerson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com