Standpoint Research Cuts Intel (INTC) from Buy to Hold

Standpoint Research downgraded shares of Intel (NASDAQ: INTC) from Buy to Hold in an intraday research note.

The firm still seems rather bullish on Intel shares (expects the stock to test a five-year high of $28 in 2012 or 2013), but notes a recent 17 percent run-up in the stock since April. Standpoint says "the shares may remain a suitable hold for those who are under-weight here."

Intel shares are ticking lower following the downgrade. The stock last traded at $23.30, up 2.4 percent from Wednesday's closing price, but off session highs.

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

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