Tiger Newspress05-22 22:13
PC makers jumped on Friday. Dell Technologies surged 16% to record high after Wells Fargo raised its PT to $270 from $180; HP Inc rallied over 13%.
Wells Fargo analyst Aaron Rakers raised the firm’s price target on Dell Technologies (DELL) to $270 from $180 and keeps an Overweight rating on the shares.
The firm sees a pull-forward of Dell’s implied $17-$18/share EPS into 2028 as key driver following 101% year-to-date move. The firm now estimates 2028 at $17.67/ share.
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