UBS analyst Timothy Arcuri lowered the firm’s price target on Intel (INTC) to $21 from $22 and keeps a Neutral rating on the shares. Intel beat expectations for Q1, but guided below, continuing its recent pattern, in part due to the view that demand will start to be negatively impacted by tariffs in June and beyond, the analyst tells investors in a research note. The firm is giving the company some credit for margin improvement but not much revenue growth.
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