Deutsche Bank analyst Sidney Ho lowered the firm’s price target on Dell Technologies to $45 from $48 and keeps a Buy rating on the shares. The company reported Q4 results above guidance, partially helped by easing supply, but it lowered its fiscal 2024 revenue outlook given incremental tightening of enterprise IT budgets and weakness in servers now starting to impact the storage market, the analyst tells investors in a research note. However, the firm believes the stock’s risk/reward is favorable.
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Published first on TheFly
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