UPDATE: Miller Tabak Cuts PT to $23 on Intel Corporation on PC, Inventory Headwinds

Miller Tabak reiterated its Neutral rating on Intel Corporation (NASDAQ: INTC ) and lowered its price target from $25 to $23. Miller Tabak commented, "Intel is suffering from a double headwind of negative PC market growth and excess inventory. We see these issues lasting into 2013. Until the company