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    Goldman Sachs Downgrades Rating on Dell; Removes From Convic…

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    The logo of Dell Technologies is visualized at the Mobile World Congress (MWC) in Barcelona, Spain on Feb. 27, 2018. (Pau Barrena/AFP using Getty Images).

    Goldman Sachs analyst Rod Hall reduced Dell Technologies Inc to Neutral from Buy with a rate target of $61, down from $68 (21.5 percent upside).

    Hall additionally got rid of the shares from Goldman’& rsquo; s Americas Convictions List.

    Dell remains economical compared to its peers.

    He sees raising fundamental headwinds preventing this worth unlock.

    The analyst notes that PC demand has actually currently regulated for low-end customers as well as higher-end need to inflect by the end of this year.

    Morgan Stanley just recently reduced Dell because of a depressing computer expectation, likely endangering its assessment.

    & copy; 2022 The Epoch Times. The Epoch Times does not offer financial investment suggestions.

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    & duplicate; 2022 The Epoch Times. The Epoch Times does not offer financial investment recommendations. All rights reserved.

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