![]() Instinet analyst Romit Shah downgraded Intel Corp. INTC, -1.83% shares to neutral from buy on Monday, days after the resignation of Chief Executive Brian Krzanich, who violated the firm's non-fraternization policy through his past affair with a coworker. "CEO Krzanich's departure is disappointing on multiple levels," Shah wrote. "We believe the lack of leadership will only add to the already growing uncertainty about Intel's long-term franchise." Intel shares are down 2% in premarket trading. Shah suggests that the company look to hire Hock Tan, the current CEO of Broadcom Inc. AVGO, -1.74% or Sanjay Jha, the former CEO of Globalfoundries, to replace Krzanich. Intel shares are up 54% over the past 12 months, while the Dow Jones Industrial Average DJIA, -0.63% has gained 15%. Read More Intel stock falls after Instinet downgrades to neutral : https://ift.tt/2lunzSK
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