Intel -2.2% premarket following a downgrade to 'sell' from Goldman. Analyst James Covello...

|By:, SA News Editor

Intel -2.2% premarket following a downgrade to 'sell' from Goldman. Analyst James Covello believes the 22% move higher over the past month is overdone given slower processor shipments and flatlining prices. Not bullish about semis overall, Goldman also downgrades KLAC -2.9% and AMAT -2.2%.