Intel
stock was declining Friday after an analyst at J.P. Morgan cited fears around the chip maker’s decline of sector share amid ongoing competitiveness and softening Personal computer need.
Pursuing a interval of restriction, J.P Morgan analyst Harlan Sur resumed coverage of
Intel
(ticker: INTC) with an Underweight score and minimize his 12-month value focus on to $32. The ranking is down from his former Obese ranking and $64 price target prior to restriction. Sur is anxious that other businesses have carried out superior in this present macroeconomic surroundings, and Intel will struggle to get back its footing in the coming months.
Intel
stock was declining Friday after an analyst at J.P. Morgan cited fears around the chip maker’s decline of sector share amid ongoing competitiveness and softening Personal computer need.
Pursuing a interval of restriction, J.P Morgan analyst Harlan Sur resumed coverage of
Intel
(ticker: INTC) with an Underweight score and minimize his 12-month value focus on to $32. The ranking is down from his former Obese ranking and $64 price target prior to restriction. Sur is anxious that other businesses have carried out superior in this present macroeconomic surroundings, and Intel will struggle to get back its footing in the coming months.
