Barclays Downgrades Intel (INTC) to Underweight

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Intel (INTC) PT, Est. Lowered to $55 at RBC Capital

October 1, 2018 7:45 AM EDT

RBC Capital analyst Amit Daryanani lowered estimates and the price target on Intel (NASDAQ: INTC) to $55.00 (from $57.00) while maintaining a Sector Perform rating due to CPU shortages.

"We are lowering our Dec-qtr and beyond rev/EPS estimates to reflect the impact of the company's... More