‘No Words … Explain the Historic Collapse’
Altogether, the issues facing Intel have financial observers on edge. Let’s break down some of the reactions.
Over at Rosenblatt Securities, analyst Hans Mosesmann late Thursday urged clients to sell their Intel shares. He also lowered the firm’s price target to $17 from $20, per CNBC.
“No words can portray or explain the historic collapse of Intel, with management attempting to blame a worst-ever PC inventory digestion dynamic and macro/China/enterprise to an over 20% q/q decline in sales,” Rosenblatt wrote in a client memo.
On the next slide, see who else is far from bullish on Intel.
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