Evercore ISI Downgrades Dell on ‘More Muted’ Upside

Evercore ISI Downgrades Dell on ‘More Muted’ Upside
Dell's logo is seen during the Mobile World Congress in Barcelona, Spain, on Feb. 27, 2017. Eric Gaillard/Reuters
Benzinga
Updated:

Evercore ISI analyst Amit Daryanani downgraded Dell Technologies Inc. to In-Line from Outperform with an unchanged price target of $63, implying a 13.1 percent upside.

Following the 60 percent appreciation year-to-date, he sees incremental upside being “more muted” amid a moderating PC market, Daryanani said.