Dell Technologies initiated with a Peer Perform at Wolfe Research

Wolfe Research initiated coverage of Dell Technologies (DELL) with a Peer Perform rating and no price target The firm cites memory pricing and supply risks for the neutral rating. Dell’s potential memory issues include margin pressure, demand destruction, an order pull-forward, and lack of supply, the analyst tells investors in a research note. As such, Wolfe recommends waiting for a better entry point into the shares.