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Dell Technologies price target raised to $125 from $111 at JPMorgan

JPMorgan raised the firm’s price target on Dell Technologies (DELL) to $125 from $111 and keeps an Overweight rating on the shares. The firm says artificial intelligence server demand and orders in Q1 as well as greater than typical deployment expectations for Q2 “were the bright spot in an otherwise subdued outlook.” Dell’s traditional Enterprise demand drivers are softer and driving incremental caution into the back half of the year, the analyst tells investors in a research note.

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