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Intel Corporation Message Board

  • billy_ray_valentine billy_ray_valentine Jan 18, 2013 7:38 AM Flag

    Piper Jaffray lifts Intel target to $21 from $19

    Piper Jaffray lifts Intel target to $21 from $19
    4:39a ET January 18, 2013 (MarketWatch) Piper Jaffray lifts Intel target to $21 from $19

    (END) Dow Jones Newswires
    January 18, 2013 04:39 ET (09:39 GMT)
    Copyright (c) 2013 Dow Jones & Company, Inc.SN201301180032562013-01-18 09:39:00.0001MRV731570UOK8I6TO4HSOEPHNDJNF

    Sentiment: Strong Buy

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    • LONDON (MarketWatch) -- Sterne Agee late Thursday pared its outlook on Intel INTC -5.64% after the semiconductor giant posted an in-line fourth-quarter profit. "With potentially new tablets/iPads, not much excitement around PCs and increasing capex spending, we believe there could be some continuing challenges," analyst Vijay Rakesh said in a note. He reiterated his neutral rating on the stock with a price target of $18. Intel shares added 2.6% on Thursday to close at $22.68 but fell to $21.48 in extended tradng in reaction to the quarterly results.

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