Why Intel Stock Slumped Today Despite an Analyst's Price Target Bump

When a stock pundit increases their price target on a company's shares, they tend to rise at least modestly in price. Unfortunately for stockholders of storied tech hardware company Intel (INTC -0.38%), the opposite occurred on Thursday -- their company lost 0.4% of its market value following the move. That, however, more or less matched the drop of the S&P 500 index that trading session.It was a raise-but-hold for IntelThe prognosticator behind the Intel raise was Bernstein's Stacy Rasgon, and the hike was ...