Dell Technologies price target raised to $74 from $62 at Credit Suisse

Credit Suisse raised the firm’s price target on Dell Technologies to $74 from $62 and keeps an Outperform rating on the shares. The company last night reported “very strong” Q2 results that benefitted from initial artificial intelligence interest and improving demand trends in the last two months of the period, the analyst tells investors in a research note. The firm says that while large enterprise customers remain cautious, Dell reported a faster than expected improvement in overall demand.