Intel Stock Downgraded. Why the Rally Is Overdone After Nvidia, SoftBank Deals.
1. HSBC downgraded Intel to Reduce, raising target to $24. 2. Intel's stock surged over 50% since August from key partnerships. 3. Analysts indicate a 28% downside with a target price of $26.70. 4. HSBC's analyst sees the recent rally as unsustainable. 5. Execution around fabrication plants is key for Intel's future.