Morgan Stanley lowered the firm’s price target on Dell Technologies (DELL) to $89 from $128 and keeps an Overweight rating on the shares. Among the firm’s IT Hardware coverage, the analyst reduced FY25 and FY26 EPS estimates by 15%-18% and price targets by 30% on average to account for slowing growth and higher tariffs.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DELL:
- Tariff Pain Generates Bullish Prospect in Dell Technologies Stock (DELL)
- ‘A Real Bloodbath,’ Says Investor About Dell Stock
- GameStop, Dell, Zscaler, Schlumberger, Viking: Insider Moves!
- SMCI Stock Cleans Up Its Act: From Wall Street Trouble-Maker to AI Powerhouse
- Morgan Stanley says Dell among IT Hardware names exposed to ‘calamitous’ tariffs