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Mizuho Downgrades Intel (INTC) to Neutral, 'Widening Technology Gap'

August 7, 2024 4:02 PM EDT

Mizuho analyst Vijay Rakesh downgraded Intel (NASDAQ: INTC) from Outperform to Neutral with a price target of $22.00 (from $36.00).

The analyst comments "We upgraded INTC in Nov'23 on strong AI ramps, and new products driving PC/DC traction. Fast-forward 9 months,... More