3 reasons to be bearish on Intel despite a new CEO and a $20 billion semiconductor production plan, according to Bank of America

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By Hernandez in Business
Updated 3 years ago

BofA analysts reiterated their "underperform" rating and $62 price target for Intel on Friday. Intel turned in earnings results on Thursday and BofA analysts weren't impressed by the lack of sales growth and falling margins. BofA says investors would be better off buying shares of Intel rival Advanced Micro Devices.

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