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Intel Shares Spike After Stellar Earnings
NEW YORK (TheStreet) -- Intel(INTC) shares spiked 4.7% higher to $23.90 in premarket trading Wednesday after the company reported a blockbuster first quarter.
More on INTC Stock Futures Point Higher on Intel BeatDollar Trades Mixed, Within Recent RangesIBM, Intel Could Soar as Companies Upgrade Market Activity Intel Corporation* INTC UPA handful of brokerages have upped their price targets for the stock following the company's report. "Intel's years of product development and cost cutting are paying off now. Positive trends of corporate spending combined with what was characterized by management as healthy supply chain inventory should allow Intel to prove June quarter as conservative," Thomas Weisel analyst Kevin Cassidy noted in a research report cited by Reuters.
Cassidy, for one, raised his price target for Intel stock to $34 from $31.
The technology
NEW YORK (TheStreet) -- Intel(INTC) shares spiked 4.7% higher to $23.90 in premarket trading Wednesday after the company reported a blockbuster first quarter.
More on INTC Stock Futures Point Higher on Intel BeatDollar Trades Mixed, Within Recent RangesIBM, Intel Could Soar as Companies Upgrade Market Activity Intel Corporation* INTC UPA handful of brokerages have upped their price targets for the stock following the company's report. "Intel's years of product development and cost cutting are paying off now. Positive trends of corporate spending combined with what was characterized by management as healthy supply chain inventory should allow Intel to prove June quarter as conservative," Thomas Weisel analyst Kevin Cassidy noted in a research report cited by Reuters.
Cassidy, for one, raised his price target for Intel stock to $34 from $31.
The technology