Dell shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight.
Portfolio Pulse from Benzinga Newsdesk
Barclays has downgraded Dell's stock from Equal-Weight to Underweight, leading to a decrease in the trading price of Dell shares.
September 07, 2023 | 12:20 pm
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Dell's stock has been downgraded by Barclays from Equal-Weight to Underweight, which has resulted in a decrease in the trading price of Dell shares.
Analyst ratings are a significant factor that influences a company's stock price. Barclays' downgrade of Dell's stock from Equal-Weight to Underweight indicates a negative outlook for the company, which can lead to selling pressure among investors and a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100