Cowen & Co. analyst Matthew Ramsay lowered his price target on Intel Corp. INTC, +0.64% shares to $49 from $52 on Sunday, following a data summit hosted by the company last week. Though Ramsay was impressed with Intel's talk of its datacenter silicon offerings, he wrote that "important silicon roadmap questions remain unanswered...and gross margin headwinds remain top of mind." In particular, Ramsay still wants updates on the timetable for Intel's 10-nanometer and 7-nanometer technologies and he wonders whether the increasingly competitive chip landscape will force the company to make "big product roadmap changes." Ramsay rates the stock at market perform. Shares are up 0.8% in premarket trading after falling 2.6% in Friday's session in the wake of a Goldman Sachs downgrade. The stock is up 36% over the past 12 months, while the Dow Jones Industrial Average DJIA, +0.12% has climbed 16%.
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