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Fly News Breaks for October 12, 2015
INTC
Oct 12, 2015 | 07:41 EDT
Pacific Crest continues to believe that Intel is benefiting from PC component restocking and reaccelerating data center orders. The firm notes that it is believed that the Q3 shipments of motherboard manufacturers rose 15%-20% in Q3 versus Q2. It expects Intel to report better than expected Q3 results and provide in-line Q4 guidance. It keeps a $35 price target and Overweight rating on the shares and recommends buying the stock.