Intel price target lowered to $25 from $28 at Credit Suisse

Credit Suisse analyst Chris Caso lowered the firm’s price target on Intel to $25 from $28 and keeps a Neutral rating on the shares. The magnitude of the cut implied in Intel’s guidance was extremely weak, with revenue guidance indicating more than a 20% q/q decline and a 40% y/y decline, with weakness across all segments, the analyst tells investors in a research note.