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Fly News Breaks for January 10, 2019
DELL
Jan 10, 2019 | 08:23 EDT
BMO Capital analyst Tim Long initiated Dell Technologies with a Market Perform rating and a price target of $48. The analyst notes that while the company has accelerated its growth rate over the past few quarters on outperforming sales of servers and PC's, he warns that the growth may not be sustainable since "cloud risks persist, competition remains intense, commodity prices decline, and comparisons become more difficult".