Citi analyst Asiya Merchant lowered the firm’s price target on Dell Technologies to $155 from $170 and keeps a Buy rating on the shares as part of an earnings preview. While PCs performed better in Q2, checks suggest sub-seasonal demand ahead, largely inline with Dell’s “conservative” PC guide, the analyst tells investors in a research note. The firm views Dell’s current risk/reward as attractive amid its focus on margins and artificial intelligence momentum.
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