2020-07-06 04:53:53 | Intel downgraded to Sell from Neutral at Goldman SachsGoldman Sachs analyst Toshiya Hari downgraded Intel to Sell from Neutral with a price target of $54, down from $65. The stock closed Thursday up 32c to $59.13. Recent industry checks indicate a slowdown in PC builds in the second half of 2020 and continued share loss for Intel in the client and server central processing unit markets, Hari tells investors in a research note. As a result, the analyst cut 2021 and 2022 earnings estimates to below Street levels and sees 9% downside in Intel shares. | |
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