None
EN
Dell dives on double downgrade from Morgan Stanley
['Matt Phillips']
Sherwood News | RSS Feed
Dell dove early Monday after receiving a double downgrade from Morgan Stanley analysts, who axed the shares from “overweight,” bypassing “ neutral ” and dropping them all the way to “underweight,” or essentially a “sell” rating.
The analysts also chopped their price target on the shares to $110 from $144.
Tech hardware analysts at JPMorgan actually put out a bullish note on Dell on Monday.
For now, it seems like the recently jittery market is siding with Morgan Stanley on this one.
But we’ll see what kind of quarterly numbers Dell delivers on November 25.