Why Intel Stock Slipped on Monday
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Intel's stock fell by as much as 5% on Monday, closing down about 3.2%. This decline follows a strong rally in September and is attributed to a cautious analyst rating from Deutsche Bank, which set a $30 price target, lower than the current trading price. The stock's price-to-sales ratio has increased significantly, suggesting it may not be cheap in the near term. Investors are advised to exercise patience as the long-term outlook depends on Intel's product roadmap and foundry strategy.
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