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Fly News Breaks for July 21, 2016
INTC
Jul 21, 2016 | 07:33 EDT
Jefferies analyst Mark Lipacis raised his price target for Intel shares to $44 from $42 following the company's better than expected Q2 results. Now is a good time to buy the shares, Lipacis tells investors in a post-earnings research note. Trends in the Datacenter group and gross margins drive the stock, and fundamentals should improve in both over the next 18 months, the analyst contends. He keeps a Buy rating on Intel.