The Dell logo is displayed on the exterior of the new Dell research and development facility in Santa Clara, Calif., on Oct. 19, 2011. Justin Sullivan/Getty Images
Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc to Equal Weight from Overweight with a price target of $60, down from $66 (10.5 percent upside).
The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook.
