Exclusive-Italy woos Intel over multibillion-euro chip plant -sources

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Intel (INTC) Stock Downgraded to Market Perform at BMO as Analyst Struggles to See Scenario Where Shares Rally

October 26, 2021 7:31 AM EDT

BMO Capital Markets analyst Ambrish Srivastava downgraded shares of Intel (NASDAQ: INTC) to Market Perform from Outperform with a price target of $52.00 per share (down from $60.00).

Srivastava simply doesnt see a near-term scenario that assumes shares outperformance. The analyst believes earnings are likely to stay depressed for a while before we see a clearer path to... More