Intel Q2 Beat, Guidance Earns ‘Whew!’ From Analyst

By | July 16, 2015

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Intel (INTC) got two upgrades and a price target increase Thursday after stronger sales for its data center, Internet of Things and flash memory businesses offset sluggish PC demand to boost Q2 earnings above analyst expectations. In research reports Thursday, Ascendiant Capital Markets upgraded Intel to hold from sell, Needham & Co. upgraded Intel to buy from hold, and Northland Securities boosted its price target on Intel stock to 32 from 31. Scalper1 News

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