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Intel's stock sinks after Goldman turns bearish, slashes price target

Market Watch

Shares of Intel Corp. INTC, -2.57% took a 3.1% dive in premarket trade Friday, after Goldman Sachs turned bearish on the semiconductor giant, citing competition and margin concerns. Analyst Toshiya Hari cut the rating to sell, after being at neutral for the past 2 1/2 years. Hari lowered the stock price