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Goldman Says Sell Intel On Next Gen Chip Delays

Rebecca McClay

Joining a growing number of analysts bearish on Intel Corp. ( INTC), Goldman Sachs lowered its rating on the technology stock to Sell from Neutral citing in part issues with its manufacturing process. Goldman Sachs analyst Toshiya Hari lowered the firm’s price target to $44 from $49, 12% below current trading levels, according to a report on The Street. Intel closed Thursday at $50.14.