Morgan Stanley Double-Downgrades DELL as Rising Memory Costs Hit Margins

Dell Technologies Inc. (NYSE:DELL) is one of the AI Stocks Making Moves on Wall Street. On November 17, Morgan Stanley cut ratings on major technology hardware makers, including Dell. The firm double-downgraded Dell to “underweight” from “overweight,” and cut its price target to $110 from $144. “Dell Technologies (UW): AI server mix + component cost inflation to pressure margins and valuation, double downgrading to Underweight (from OW) with a new $110 PT. In May 2023 we upgraded DELL to OW (from EW) and ...