Wedbush analyst Matt Bryson lowered the firm’s price target on Intel (INTC) to $20 from $25 and keeps a Neutral rating on the shares ahead of the earnings report on January 30. The firm reduced estimates in 2025 and beyond to account for Intel’s non-controlling interest in the fabs beginning to impact earnings. Wedbush expects a relatively in-line Q4, saying some pull forward demand ahead of potential tariffs may have offset relatively weak client end markets as well as continued share loss in servers and PCs. Intel will see continued share loss in data center environments as AMD (AMD) realizes greater share gains with Turin, the analyst tells investors in a research note.
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