Intel: Cut Spending, Says Goldman, PC Inventories Too High
Shares of Intel (INTC) are up 9 cents, or 0.6%, at $21.86, as Goldman Sachs’s James Covello offers a suggestion: cut capital expenditures. Covello, who has a Sell rating on Intel shares, and a $16 price target, thinks a 3% climb in the shares through yesterday was all about investors expecting Intel would cut some [...]
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