As previously reported, Morgan Stanley analyst Joseph Moore downgraded Aquantia (AQ) to Equal Weight from Overweight, stating that the company's large shortfall in its enterprise business in Q4 and guidance for a severe correction in its data center business throughout next year is "a thesis changer." While he still thinks that the company has a strong position, Moore said strong growth in the PC and settop box business and solid growth in enterprise will not be enough to offset the Intel (INTC) weakness. The analyst, who also thinks the company's lack of visibility into trends at Intel has been surprising, cut his price target on Aquantia shares to $9.00 from $12.50.