Sell Intel Stock. The Chip Maker’s Business Model Makes No Sense, Says Analyst.

Intel’s plan to turn itself around by building up its third-party chip-manufacturing business for other semiconductor companies faces serious obstacles, BofA Global Research says.

On Sunday, analyst Vivek Arya reiterated an Underperform rating for

Intel

stock (ticker: INTC), with a target of $25 for the price.