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Wajeeh Khan

Barclays Just Downgraded DELL Stock. Here's Why.

Dell Barclays Tim Long Artificial Intelligence Dell Technologies

Dell Technologies (DELL) stock ended lower on Wednesday after Barclays questioned whether its extraordinary year-to-date rally had outpaced the business outlook. In his research note, analyst Tim Long downgraded DELL to “Equal Weight” and trimmed his price target to $574, matching the price at which the company closed its most recent session.

Despite today’s decline, Dell stock is trading at about 4x its price at the start of this year.

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