Market Overview

UPDATE: RBC Capital Downgrades Intel

Share:
Related INTC
Channel Checks Support The Bull Thesis On Advanced Micro Devices
Weakening Demand Could Pitch AMD, Nvidia And Intel Into Price War
Cash Flow Vs. Earnings Valuation: A Line Up Of Tech Companies (Seeking Alpha)

RBC Capital Markets analyst Doug Freedman put out a report this morning dropping his rating on Intel (NASDAQ: INTC) from an Outperform rating to Sector Perform, while dropping his price target from $27 to $26.

In the report, Freedman focused on a weak analyst day that did not focus enough on ROI. He stated that the company's new strategy could not justify the ROI that they project, especially with gross margin upsides being challenged by tablet subsidies.

He also stated that the company's ultra mobile execution seemed weaker than he had hoped.

The report has led to a drop in the stock this morning as intel shares traded down 0.30 percent to $23.56.

Latest Ratings for INTC

DateFirmActionFromTo
Mar 2017Credit SuisseDowngradesOutperformNeutral
Mar 2017JefferiesDowngradesBuyHold
Mar 2017BernsteinDowngradesMarket PerformUnderperform

View More Analyst Ratings for INTC
View the Latest Analyst Ratings

Posted-In: Downgrades Analyst Ratings

 

Related Articles (INTC)

View Comments and Join the Discussion!