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Shares of popular computer hardware company Dell Technologies (DELL) slumped 8.4% intraday on Nov. 17 after Morgan Stanley analysts downgraded DELL stock. Morgan Stanley analysts slashed the price target from $144 to $110, downgrading their rating from “Overweight” to “Underweight.” The firm cited an increase in the price of memory drives, a component of Dell’s servers and PCs, which might weigh on the company’s margins.
Should you buy the dip in DELL stock now?