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Fly News Breaks for June 20, 2019
DELL
Jun 20, 2019 | 05:15 EDT
Deutsche Bank analyst Jeriel Ong last night initiated coverage of Dell Technologies with a Buy rating and $62 price target. IT infrastructure spend is likely to slow through 2019, but this fear is priced in given the stock's ~25% pullback off 2019 highs, Ong tells investors in a research note. The analyst sees a long-term model that implies $11 in earnings per share by 2022.
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