Premarket roundup: Intel tops estimates in 4Q, but ‘10 could see challenges; Comerica upgraded

Premarket roundup: Intel tops exp

Among the premarket stories for Friday, Jan. 15, from AP Financial News:

— Intel Corp. “delivered on high expectations” when it posted better-than-expected earnings for the fourth quarter, but the chip maker could face challenges in 2010 as demand for desktop computers slows, an analyst said.

— Rising interest rates and a rebound in commercial lending may drive Comerica to an annual profit by 2011, an analyst said, upgrading the regional bank and raising his price target on its shares.

— Shares of Advanced Micro Devices Inc. got a boost in premarket trading following stronger-than-expected results Thursday from its larger rival, Intel Corp. that gave further proof of a recovering PC market.