Morgan Stanley Downgrades Intel To Underweight

Analysts at Morgan Stanley downgraded Intel INTC from Equal-weight to Underweight. The price target for Intel is set to $30. Intel shares have surged 37.41% over the past 52 weeks, while the S&P 500 index has gained 10.58% in the same period. Intel's shares fell 1.24% to $31.74 in pre-market trading.