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Intel's stock drops as UBS downgrades it, reflecting the company’s struggle with declining revenues.
Intel's stock fell 1.2% after UBS downgraded its price target to $22, maintaining a neutral rating.
Despite this, Intel's average rating remains a "Hold" with an average price target of $25.54.
The company reported a 15.5% drop in revenue and faced a negative EPS of -$0.02 in its last earnings report.
Intel, a major tech and semiconductor firm, is navigating financial challenges but is investing in new technologies to regain market share.
Its market cap is $88.56 billion, but it's grappling with a 7.40% revenue decline and a negative net margin of 35.32%.
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Las acciones de Intel caen a medida que UBS rebaja su calificación, lo que refleja la lucha de la compañía con la disminución de los ingresos.