Morgan Stanley upgrades after Dell stock soars

环球市场播报06-02

　　Morgan StanleyAnalysts said Monday that inDellAfter the company's shares soared 33% on Friday and posted its best day in history, they admitted they had misjudged earlier.

Analyst Erik Woodring and colleagues wrote in a note Monday: "Our memory chip supply judgment was wrong. Dell is doing better than its peers in supply chain management and execution, which allows the company to capture critical demand, gain market share and gain pricing power."

They raised their rating on Dell to Hold on the sidelines from Underweight and raised their price target to $448 from $170. The stock was trading around $460 in afternoon trading Monday.

"Dell has an advantage over many of its enterprise-level peers when it comes to acquiring supply of memory chips and pricing them," Woodring wrote.

Massive information and accurate interpretation, all in Sina Finance APP
Editor in charge: Zhang Jun SF065

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment