INTC) is offset by continuing manufacturing headwinds that could lead to loss of market share, according to BofA Securities.
Vivek Arya maintained a Neutral rating for Intel, while lowering the price target from $62 to $55.” data-reactid=”20″>The Intel Analyst: Vivek Arya maintained a Neutral rating for Intel, while lowering the price target from $62 to $55.
There are two extreme views of Intel: either that it continues to face manufacturing problems that could cost it 40%-50% of its market share or it separates cleanly into a fabless entity, both of which “could prove incorrect.”
Arya added that Intel faces unique challenges in outsourcing everything to third party foundries. The company may need to choose a middle path, where its 10-nanometer pipeline and data center and PC market position provides it a cushion through at least 2021.
Latest Ratings for INTC
|Jul 2020||BMO Capital||Maintains||Market Perform|
|Jul 2020||Morgan Stanley||Maintains||Equal-Weight|
|Jul 2020||Credit Suisse||Maintains||Outperform|
View the Latest Analyst Ratings” data-reactid=”36″>View More Analyst Ratings for INTC
View the Latest Analyst Ratings
View Article Origin Here