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News Breaks | | | | January 18, 2013 | | 06:35 EDT |  | INTC | Intel spending, seasonality to keep shares range-bound, says Citigroup
Citigroup believes Intel's aggressive spending plans in a year where sales are expected to grow low single-digits, coupled with seasonal softness in the first half of 2013, will likely keep the stock range-bound. Citi raised its price target for Intel shares to $25 from $21 following the company's Q4 results, but keeps a Neutral rating on the name. | |
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