Here’s Why Morgan Stanley Downgraded Dell

Here’s Why Morgan Stanley Downgraded Dell
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
Benzinga
Updated:

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.