Mizuho Securities analyst Vijay Rakesh reiterated a Neutral rating and $29.00 price target on Intel (NASDAQ: INTC) following today's dividend cut and modest capex outlook cut.

The analyst commented, "While the dividend and capex cuts are not surprising, we believe its core roadmap execution is the key focus of investors."

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $26.06 yesterday.