Why Intel Stock Slipped on Monday
After a torrid September rally, a cautious price target and some profit-taking pressured the shares.
Shares of Intel (INTC -2.85%) fell as much as 5% on Monday and, as of this writing, were down only about 3.2%. There didn’t appear to be any new company-specific announcement driving the move. Rather, the decline appears to be a breather after a sharp September rally.
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Analyst caution meets a hot tape
One fresh input was a tempered analyst view for the stock: An analyst from Deutsche Bank reiterated a hold rating while setting a $30 price target (up from his previous target but still lower than where shares trade today). With the target below the current stock price, that stance…
