Intel Cut, Altria Upgraded, SanDisk Projections Scaled Back

Intel (INTC) gets cut, Wells Fargo lights up Altria (MO) and Nomura backs away from SanDisk (SNDK) in Tuesday’s Analysts’ Actions. The only stock out of the three to get a positive rating was Altria, which saw its rating and price target lifted by analysts at Wells Fargo. And SanDisk stock saw its rating reduced by Nomura analysts, which projected a double-digit decline for the tech company. Speaking of tech, server projections have soured, and analysts at JMP Securities are saying that's part of the reason they're backing off Intel stock.