Citi lowered the firm’s price target on Dell Technologies (DELL) to $145 from $156 and keeps a Buy rating on the shares as part of an earnings preview. From a fundamental perspective, overall infrastructure demand indicators remain constructive with supply chain commentary suggesting a broader recovery in infrastructure demand, the analyst tells investors in a research note. The firm says that on artificial intelligence, bullish expectations ahead are offset with near term lumpiness and margin pressures amid chip transitions.
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