UPDATE: Sterne Agee Cuts PT to $18 on Intel on PC Build Checks

Sterne Agee reiterated its Neutral rating on Intel (NASDAQ: INTC ) while reducing its price target from $19 to $18. Sterne Agee noted, "While there is optimism that MarQ PC sales could stabilize, our checks indicate a MarQ PC build closer to being seasonally down 7-10% q/q versus current