Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Dell Technologies (DELL) to $120 from $105 and keeps a Neutral rating on the shares. The firm sees the company reporting in-line July quarter results with October quarter guidance that misses consensus estimates. Dell is facing several headwinds, including notebook shipment trends tracking below seasonal norms and pressure on artificial intelligence server revenue, the analyst tells investors in a research note.
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