Dell Technologies price target lowered to $140 from $165 at Evercore ISI

Evercore ISI analyst Amit Daryanani lowered the firm’s price target on Dell Technologies to $140 from $165 and keeps an Outperform rating on the shares ahead of the quarterly earnings report. The firm remains constructive on Dell and thinks the July quarter and second half setup remains favorable for IT Hardware/Networking companies though those levered to networking will continue to face demand headwinds as customers continue to digest prior investments, the analyst tells investors in a research note.