Dell: Wells Fargo raises target price

(CercleFinance.com) - Wells Fargo reiterates its "overweight" rating on Dell Technologies shares, having raised its target price for them from $65 to $75, the day after the computer equipment manufacturer's quarterly earnings report.


The broker says that Dell's positive movement post-close is justified, which in particular highlights solid upside potential for the current fiscal year, significant capital return capacity, as well as the artificial intelligence server pipeline.


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