JPMorgan analyst Samik Chatterjee lowered the firm’s price target on Dell Technologies to $47 from $50 and keeps an Overweight rating on the shares. The company closed out the fiscal year with "robust execution" as revenue and earnings came in well ahead of expectations in Q4, the analyst tells investors in a research note. However, the firm reduced earnings estimates after Dell’s outlook came in below expectations.
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Published first on TheFly
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