Dell Stock Slides as Morgan Stanley Slashes Rating on Memory Cost Concerns

TLDR Morgan Stanley downgraded Dell Technologies from ‘Overweight’ to ‘Underweight’ with a new price target of $110, down from $144 Dell stock dropped more than 5% in premarket trading following the downgrade announcement Rising memory costs in DRAM and NAND are cited as major concerns affecting Dell’s profit margins Morgan Stanley reduced its fiscal year [...]

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