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Fly News Breaks for December 28, 2015
ALTR, INTC
Dec 28, 2015 | 07:19 EDT
Deutsche Bank analyst Ross Seymore updated his Intel (INTC) estimates to include Altera (ALTR) with the acquisition expected to close today. The analyst continues to view Altera as a good strategic fit for Intel. He upped his price target for the shares to $38 from $37 and keeps a Buy rating on Intel. Seymore upped his 2016 earnings per share estimate by 5c to $2.40.
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