Dell Technologies (NASDAQ:DELL) shares are trading higher on Wednesday following positive analyst coverage from Morgan Stanley.
What Happened: Morgan Stanley analyst Erik Woodring maintained Dell with an Overweight rating and raised the price target from $128 to $152, citing accelerating momentum in Dell’s AI server and storage businesses.
Dell remains the best way to play growing AI server momentum, inflecting storage demand and an improving PC market, according to Woodring.
Morgan Stanley named Dell a top pick noting that it’s only trading at approximately 13 ...