Barclays upgraded Dell Technologies (DELL) to Overweight from Equal Weight with an unchanged price target of $148. The firm is more positive on the shares given the strength Dell is seeing in artificial intelligence server orders. The company is expanding opportunities in enterprise server and storage while managing spending, the analyst tells investors in a research note. Barclays also believes Dell’s management is well positioned to navigate the current commodity environment. It sees more upside to estimates.
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