Morgan Stanley Maintains Overweight on Dell Technologies, Lowers Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Dell Technologies but has lowered the price target from $155 to $142.
August 19, 2024 | 4:56 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained its Overweight rating on Dell Technologies, indicating continued confidence in the stock. However, the price target has been lowered from $155 to $142, suggesting a more conservative outlook on its potential upside.
The Overweight rating suggests that Morgan Stanley still sees Dell as a favorable investment, but the lowered price target indicates a tempered expectation of its future performance. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100