Barclays has adjusted its outlook for Intel (INTC, Financial), reducing the price target from $23 to $19. This revision comes as the firm revises its models for the semiconductor and semiconductor capital equipment sectors, considering the potential impacts of tariffs and ongoing trade tensions as Q1 earnings approach.
The analyst at Barclays, Tom O’Malley, maintained an Equal Weight rating on Intel shares while adjusting the target multiples to account for potential risks in the Chinese market and consumer demand.
