On the fly News and insights, exclusive to thefly.com

INTC

Intel

$50.14

0.2 (0.40%)

, AMD

AMD

$19.09

-0.49 (-2.50%)

05:08
08/10/18
08/10
05:08
08/10/18
05:08

Intel downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Toshiya Hari downgraded Intel (INTC) to Sell from Neutral and lowered his price target for the shares to $44 from $49. The chipmaker closed yesterday up 18c to $50.14. Hari coupled the downgrade with an upgrade of AMD (AMD) to Neutral from Sell. Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. He expects a worsening product mix in the near-term, ramp in 10nm costs and growing depreciation to drive margin pressure and Intel's earnings below consensus expectations. Hari sees downside risk in the shares.

INTC

Intel

$50.14

0.2 (0.40%)

AMD

AMD

$19.09

-0.49 (-2.50%)

  • 14

    Aug

  • 16

    Aug

  • 28

    Aug

  • 12

    Sep

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.