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Dell Technologies price target lowered to $40 from $41 at Barclays

Barclays analyst Tim Long lowered the firm’s price target on Dell Technologies to $40 from $41 and keeps an Equal Weight rating on the shares. The company beat in Q4 but issued a weaker Q1 guide with revenue down 19% quarter-over-quarter, the analyst tells investors in a research note. The firm believes Dell’s selling prices "should be inflecting negatively soon."

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Published first on TheFly

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