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Fly News Breaks for November 27, 2019
DELL
Nov 27, 2019 | 06:55 EDT
Credit Suisse analyst Matthew Cabral lowered his price target for Dell Technologies to $55 from $61 saying the company reported "mixed" Q3 results, with a revenue shortfall that was more than offset by margin upside to drive an earnings beat. Looking ahead, the updated fiscal 2020 guidance implies Q4 revenue growth could swing negative year-over-year, Cabral tells investors in a research note. He believes the demand environment for enterprise hardware remains soft and keeps a Neutral rating on Dell.
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