Piper Jaffray downgrades Intel (INTC -0.7%) to Neutral from Overweight, claiming it will miss...

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

Piper Jaffray downgrades Intel (INTC -0.7%) to Neutral from Overweight, claiming it will miss the opportunities coming from "ultramobile" devices. PC unit growth will decline from 12% to 5% in the next several years. And despite Intel's efforts to reinvent itself, Piper sees revenue stuck growing in the mid-single digits.