Deutsche Bank analyst Sidney Ho raised the firm’s price target on Dell Technologies to $75 from $68 and keeps a Buy rating on the shares ahead of Thursday’s analyst meeting. The analyst expects the company’s comments to focus on its business strategy in terms of growth opportunities, operating structure and capital allocation. The firm thinks Dell will highlight its artificial intelligence server opportunities, “which have shown tremendous momentum in the past quarter.” It believes it is likely that Dell raises its long term revenue and earnings growth projections, and also sees the company raising its capital returns target.
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