Standpoint Research Cuts Intel (INTC) to Hold

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Standpoint Research downgraded shares of Intel (NASDAQ: INTC) from Buy to Hold in an intraday research note. The analyst maintains a $25 price target.

The downgrade follows recent outperformance of Intel shares compared to the S&P 500. The firm believes "If the market rally continues, INTC will be challenged to outperform and may become a drag on portfolio performance. If the market reverses, we will end up forfeiting the gains from the last six weeks."

For more ratings news on Intel click here and for the rating history of Intel click here.

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