Rosenblatt lowered the firm’s price target on Intel (INTC) to $14 from $18 and keeps a Sell rating on the shares. Intel reported a beat to estimates driven by what management characterized as customers purchasing ahead of potential tariffs, the analyst tells investors in a research note. The firm says Intel is cautious on Q2 demand, which led to guidance missing consensus significantly. Near-term, Rosenblatt expects continued market share losses in PC and servers for Intel.
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