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Intel (INTC) got a price target cut Wednesday, as an analyst expects that continued sluggish PC demand and problems in China and Europe will hurt second-quarter earnings slated for release after the close on July 15. “Clearly, PC sales have undergone a post-Lehman style freeze-up,” Summit Research analyst Srini Sundararajan said in a research report Wednesday, referring to the Lehman Brothers bankruptcy in 2008 that helped spark the global Scalper1 News
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