Dell Technologies price target lowered to $150 from $158 at UBS, buy weakness

UBS lowered the firm’s price target on Dell Technologies (DELL) to $150 from $158 and keeps a Buy rating on the shares. Dell provided an initial Q1 EPS outlook that was in-line with the firm’s forecast but was slightly below consensus reflecting the impact of a softer near-term PC backdrop, the analyst tells investors in a research note. The firm recommends any weakness should be bought as the company’s initial guide has historically been conservative.