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Fly News Breaks for July 22, 2016
INTC
Jul 22, 2016 | 08:30 EDT
After Intel reported its Q2 results and the stock fell, Argus blames the decline on a slowdown in the company's data center revenue. The firm says that the stock now reflects the data center unit's near-term challenges but does not bake in the "improving mix" of the company's PC business. The firm reiterates a $41 price target and Buy rating on the shares.
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