🔴 Dell Technologies is trading 5% down today after Barclays cuts rating and price target

Dell Technologies is trading 5.2% lower now at €478.25 after Barclays downgraded the stock, citing valuation concerns and a lack of meaningful acceleration in AI-driven enterprise spending.

• Barclays cut its rating from Overweight to Equal Weight and lowered its price target from $603 to $574.
• The downgrade also hit other IT hardware companies, while hotter-than-expected U.S. inflation added broader pressure to technology shares.