Caris has downgraded Intel (INTC) to Above Average from Buy, and lowered its target to $26 from...

|About: Intel Corporation (INTC)|By:, SA News Editor

Caris has downgraded Intel (INTC) to Above Average from Buy, and lowered its target to $26 from $29. Weak PC growth is the firm's unsurprising reason. Intel is off just slightly premarket - following the stock's selloff and plenty of other critical analyst reports, not to mention Intel's warning, the Street is taking Caris' move in stride.