Barclays analyst Blayne Curtis lowered the firm’s price target on Intel (INTC) to $27 from $30 and keeps an Equal Weight rating on the shares following last night’s results. Heavy inventory workdowns across all segments put the company’s March quarter guidance below even the lowest expectations, the analyst tells investors in a research note. The firm says AMD (AMD) faces a tough Q1 as well "but nowhere near this magnitude."
Published first on TheFly
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