BofA analyst Wamsi Mohan lowered the firm’s price target on Dell Technologies (DELL) to $135 from $150 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q4 results on February 26. Impending memory headwinds will “likely overshadow what should be a strong F4Q print,” previews the analyst, who lowers the firm’s FY27 EPS estimate by 86c to $10.00. Despite “unprecedented” memory costs, Dell should navigate better than peers due to their skill in managing the supply chain and structurally reducing operating expenses, the analyst contends.
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