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Intel (INTC) PT Raised to $58 at Susquehanna

October 26, 2018 7:50 AM EDT

Susquehanna analyst Christopher Rolland raised the price target on Intel (NASDAQ: INTC) to $58.00 (from $54.00) while maintaining a Positive rating.

"Strong results and guidance, despite supply shortages, were impressively well above 2018 guidance," Rolland commented. "We now know why there were shortages strong PC and server demand (and Apple modem)."

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