Citi analyst Jim Suva lowered the firm’s price target on Dell Technologies to $50 from $53 and keeps a Buy rating on the shares. With a Q1 outlook for sales 6% and earnings 37% below consensus and "materially softer than normal seasonality," Dell followed with a fiscal 2024 outlook that shows improvement each quarter as the year progresses, the analyst tells investors in a research note. The firm sees this as "typical Dell conservatism" and believes that as 2023 progresses the company will be exceeding expectations.
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Published first on TheFly
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