Market Overview

UPDATE: Morgan Stanley Reiterates Underweight Rating, Lowers PT on Intel Corporation

Share:
Related INTC
Cramer Versus Citron: The Ambarella Debate Rages On
Micron Has 'Breakthrough' Potential, Worth $33/Share Says JMP's Alex Gauna
John Hussman Shakes Up Portfolio in Second Quarter (GuruFocus)

In a report published Friday, Morgan Stanley reiterated its Underweight rating on Intel Corporation (NASDAQ: INTC), but lowered its price target from $22.50 to $20.00.

Morgan Stanley noted, “We are positive on Intel's manufacturing leadership, but think they could spend much less without slowing node transitions, and fulfill all of the growth in PC, Data Center, and tablet markets. Whether we are right about that or not, accelerating investment levels yet again will continue to pressure margins, cash flows, and returns long-term unless growth accelerates. The company has been executing well in a tough environment but the spending increase makes the investment case tougher for us.”

Intel Corporation closed on Thursday at $22.68.

Latest Ratings for INTC

DateFirmActionFromTo
Jul 2015WedbushMaintainsOutperform
Jul 2015NeedhamUpgradesHoldBuy
Jul 2015AcendiantUpgradesSellHold

View More Analyst Ratings for INTC
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (INTC)

Get Benzinga's Newsletters