One analyst is using this Intel pop to take profits

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One analyst is using this Intel pop to take profits
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Loop Capital Markets downgraded shares of Intel to sell from hold following the chipmaker's better-than-expected earnings.

Sell the pop in Intel shares as the chipmaker faces a challenging year, according to Loop Capital Markets.to sell from hold following the semiconductor stock's jump on better-than-expected earnings.

"Intel will likely see growing challenges through 2020," Loop Capital Markets analyst Cody Acree said in a note to clients on Friday.

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