Tag: Dell

Goldman Sachs Downgrades Rating on Dell; Removes From Conviction List

Goldman Sachs analyst Rod Hall downgraded Dell Technologies Inc to Neutral from Buy with a price target of $61, down from $68 (21.5 percent upside). Hall also removed the shares from Goldman’s Americas Convictions List. Dell remains inexpensive compared to its peers. However, he sees increasing fundamental headwinds hindering this value unlock. The analyst notes that PC demand has…


Here’s Why Morgan Stanley Downgraded Dell

Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc to Equal Weight from Overweight with a price target of $60, down from $66 (10.5 percent upside). The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook. Woodring noted the valuation is likely to be capped by slowing PC…


Evercore Upgrades Dell, Calls FY23 Outlook Conservative

Evercore ISI analyst Amit Daryanani upgraded the rating on Dell Technologies Inc. to Outperform from In-Line due to several factors, including what he called the company’s “very conservative” for its 2023 fiscal year outlook. Daryanani believes Dell will surpass its Q1 FY22 forecasts due to “share gains across [Dell’s] PC and infrastructure segments,” as well as a recovery in…


Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report

Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…


Big Business Still in China

News Analysis Despite a growing outcry in democracies over the threat to human rights and international stability from China, and Beijing’s genocide against Uyghurs and other religious groups, major Western corporations continue to do business in the country, including with the military and police. Some of that business could be in violation of a new…


Bernstein Upgrades Dell Technologies on Earnings Potential: What’s Next?

Dell Technologies Inc. seems poised for sustainable revenue growth of 2 percent to 4 percent and earnings growth of mid-to-high single digits, both of which are higher than Hewlett Packard Enterprise Co. and HP Inc., which trade similar multiples, according to Bernstein. The Dell Technologies Analyst Toni Sacconaghi upgraded the rating for Dell Technologies from Market…


Evercore ISI Downgrades Dell on ‘More Muted’ Upside

Evercore ISI analyst Amit Daryanani downgraded Dell Technologies Inc. to In-Line from Outperform with an unchanged price target of $63, implying a 13.1 percent upside. Following the 60 percent appreciation year-to-date, he sees incremental upside being “more muted” amid a moderating PC market, Daryanani said. While Daryanani expects 2022 to be a year of sustained…


JPMorgan Removes Dell From Analyst Focus List: All You Need to Know

JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc. from the firm’s Analyst Focus List. Chatterjee removed the stock, noting Dell is past an “event-driven catalyst,” though he continues to rate shares overweight, citing its exposure to Enterprise IT spending and “superior execution.” Dell shares have gained 95 percent year-to-date and more than 55 percent since…


Which PC Companies Defied the Downturn in Global Shipments in Q3?

Global PC shipments, also including tablets, fell in the third quarter although remaining well above pre-COVID-19 pandemic levels, new research by Canalys showed. Modest Slippage In Q3 PC shipments fell 2 percent year-over-year in the third quarter to 122.1 million units, with tablets and Chromebooks serving as drags, the report said. Tablet shipments fell 15 percent year-over-year…


Chinese National Charged With Selling $9.5 Million in Counterfeit Laptop Batteries

A federal judge has indicted a Chinese national in Los Angeles for allegedly participating in a scheme to manufacture and sell $9.5 million worth of Chinese counterfeit laptop computer batteries and other electronics, the Department of Justice announced on Oct. 4. United States District Judge John F. Walter sentenced 30-year-old Cai Zhoulin, also known as Allen…