Barclays Downgrades Dell Technologies to Underweight, Announces $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has downgraded Dell Technologies (NYSE:DELL) from Equal-Weight to Underweight and set a price target of $53.
September 07, 2023 | 9:45 am
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Dell Technologies has been downgraded by Barclays from Equal-Weight to Underweight with a new price target of $53.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards Dell Technologies. The new price target of $53 also suggests that Barclays believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
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