Analysts slashed their price targets on Intel Corp. following lackluster Q1 guidance. Citi analyst Christopher Danely lowered the price target to $55 from $58 (13 percent upside) and reiterated a Neutral. The company reported a strong Q4 due to strength in PCs and servers but gave “very poor” guidance due to heavy investing, a 14-week quarter, and an inventory correction in PCs. He lowered estimates for Intel post the results. Mizuho analyst Vijay Rakesh maintained Intel with a Neutral and lowered the price target from $55 to $53 (8 percent upside). Credit Suisse analyst John Pitzer lowered the price target to $70 from $80 (43 percent upside) and maintained an Outperform. The analyst notes Intel reported Q4 revenue and EPS well above consensus and guided Q1 revenue above estimates but EPS well below consensus on a modest gross margin miss, modestly higher TR, and significantly higher OpEx. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times …