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Fly News Breaks for April 20, 2016
INTC
Apr 20, 2016 | 08:38 EDT
After Intel reported higher than expected EPS and in-line revenue but cut its full-year revenue guidance, Sterne Agee CRT believes that the company's decision to focus on "higher potential end markets" is positive. The firm expects the company's gross margins to bottom this quarter before rebounding in 2H16. It keeps a $38 price targe tand Buy rating on the shares.
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