Intel Analysts Cut Price Targets Due to Q3 Misallocation Of Manufacturing Capacity
Intel shares sank despite strong Q3 results as Q4 guidance disappoints. Analysts cut rating, price targets on weak PC demand.
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Why It Matters
Intel made good money in Q3, but said Q4 will be weaker. Experts think fewer people will buy computers, so they lowered their price targets.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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