Raymond James lowered the firm’s price target on Dell Technologies to $45 from $50 and keeps an Outperform rating on the shares. The company’s Q4 earnings beat expectations, but its FY24 and Q1 outlooks were "disappointing," the analyst tells investors in a research note. The firm regards unexpected C-level transitions as a risk, but says the CFO replacement has experience inside Dell and has previously engaged the investment community.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DELL:
- Dell Technologies price target lowered to $40 from $41 at Barclays
- DELL Up after Blasting Past Estimates
- Dell Technologies CFO Tom Sweet to retire, Yvonne McGill to succeed
- Dell Technologies Delivers Fourth Quarter and Full Year Fiscal 2023 Financial Results
- Dell Technologies raises annual cash dividend 12% to $1.48 per share