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Stock Market & Financial Investment News

News Breaks
April 3, 2014
10:01 EDTINTCIntel climbs following upbeat note from analyst
Shares of Intel (INTC) are rising after Piper Jaffray started coverage of the stock with an Overweight rating in a note to investors. WHAT'S NEW: Piper Jaffray upgraded Intel to Overweight from Neutral after analyst Ruben Roy assumed coverage of the stock. Sales of PCs should continue to be stable in 2014, continuing a trend that began in the latter part of 2013, Roy forecast. This year, the company is planning to sacrifice revenue in order to increase its market share in the tablet space, but over the longer term Intel's market share gains in the tablet market should boost its revenue, according to Roy. Additionally, sales of the company's data center products should rise throughout 2014, the analyst wrote. Roy set a $30 price target on the shares, while the firm previously had a $23 price target. PRICE ACTION: In early trading, Intel rose 40c, or 1.5%, to $26.28.
News For INTC From The Last 14 Days
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December 19, 2014
07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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December 17, 2014
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link

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