Piper Sandler lowered the firm’s price target on Dell Technologies (DELL) to $167 from $172 and keeps an Overweight rating on the shares. Dell had a very strong quarter of orders and revenue that translated into operational upside and a stronger guide when combined with memory costs being able to be passed through with customers, the firm notes. Strength is primarily coming from AI-servers that is helping to grow EPS above expectations, sending shares higher after-hours.
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