UPDATE: Piper Jaffray Downgrades Intel to Underweight Following Lowered Estimates
June 07, 2013 at 11:23 AM EDT
In a report published Friday, Piper Jaffray analyst Auguste Gus Richard downgraded the rating on Intel Corporation (NASDAQ: INTC ) from Neutral to Underweight, and lowered the price target from $21.00 to $20.00. In the report, Piper Jaffray noted, “We are lowering our estimates, rating and price target for Intel.
