Intel price target lowered to $45 from $55 at Mizuho

Mizuho lowered the firm’s price target on Intel to $45 from $55 and keeps a Buy rating on the shares. The company reported an in-line March quarter but guided the June quarter softer, the analyst tells investors in a research note. The firm, however, remains positive on Intel citing stable compute server share, Sierra Forest and Granite Rapids product ramps ahead, and a valuation with low expectations.