Dell Technologies price target raised to $60 from $55 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on Dell Technologies to $60 from $55 and keeps a Buy rating on the shares as the firm rolls forward to a calendar 2024 valuation. On March 29, the firm hosted a call with CEO Michael Dell, who expressed his intent to over-index toward returning cash to shareholders, notes BofA, which adds that companies that lower total share count “tend to outperform.”