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Fly News Breaks for April 20, 2016
INTC
Apr 20, 2016 | 07:49 EDT
Bernstein believes that Intel's Q1 results "were OK," but the firm notes that the company lowered its guidance. Bernstein says that the company may miss its new full-year guidance, and it thinks that Intel's fundamentals are deteriorating, while its results going forward will be boosted by cost cutting and lower taxes. Bernstein keeps a $26 price target and Underperform rating on the shares.
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