David Stahl
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What Does Wall Street Have To Say About Intel's Earnings Report?

Intel Corporation 's earnings beat on Thursday was compelling enough to send the stock higher by more than 1 percent on Friday. But what are Wall Street analysts saying about the stock that is still lower by more than 2 percent since the start of 2017?

UBS: Data Center Improving, PC Still A Concern

UBS's Stephen Chin maintains a Buy rating on Intel's stock with a price target lowered from $41 to $40.

Intel's data center showed signs of improvement in the quarter, most notably a sales acceleration to 11 percent year over year, Chin noted. The cloud customer sub-segment also grew 36 percent and the data center's segment as a whole benefited from a 300 basis point improvement in gross margins from the prior quarter to 38 percent.

Intel continues to guide its full-year data center growth to a high-single-digit rate, which suggests some level of normalization in growth later on this year.

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