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Fly News Breaks for September 23, 2015
INTC
Sep 23, 2015 | 07:52 EDT
As noted earlier, Bernstein upgraded Intel to Market Perform from Underperform. The firm says that the company's client business appears to have drained channel inventory in the first half of the year, which is unusual for it. Consequently, the firm thinks that the outlook for PCs may be improving, making the stock a less compelling target for short sellers. And Bernstein says that Intel's :above seasonal" 2H15 client guidance "seems plausible." Target to $29 from $25.