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Fly News Breaks for October 9, 2015
INTC
Oct 9, 2015 | 06:31 EDT
Piper Jaffray analyst Ruben Roy remains positive on shares of Intel into the company's Q3 results next week. Intel's profitability metrics should continue to improve as the Skylake production ramp continues despite the "still sluggish" PC market, Roy tells investors in a research note. He sees "modest risk" to second half of 2015 estimates, but believes investors expectations already factor this in. He reiterates an Overweight rating on the stock with a $37 price target.