NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, dissected an analysis on the semiconductor market from Goldman Sachs.
The Goldman analyst downgraded NXP Semiconductors (NXPI) to sell from hold and lowered the 12-month price target on the stock to $54 from $58. The analyst is also expecting the semiconductor index to drop by 10%, at a minimum, Cramer said.
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"I'm not saying he's wrong," but that perhaps he's too early with the negative outlook, Cramer said.
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