As previously reported, Melius Research initiated coverage of Dell Technologies with a Buy rating and $95 two-year price target. The rating and target “hinges on our view” that Dell can be an “AI Halo Effect” beneficiary across most of its product lines into a potential upgrade cycle for PCs and growing benefits from an expansion into the AI server market. given that Dell is a structural share gainer with “superior scale and an accomplished management team,” the stock “deserves a sustained premium to peers,” the analyst added.
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