Morgan Stanley Downgrades Dell Technologies

2 months ago

Emily Grafo

"Yeah, so a hardware name here, Dell Technologies, ticker DL. It's the worst performer in the S&P 500 today with a Morgan Stanley downgrade. So, the bank cut Dell from an overweight to an underweight, which is quite rare. We call that a twostep downgrade."

Dell Technologies is under significant pressure after Morgan Stanley downgraded it from overweight to underweight, labeling it the worst performer in the S&P 500 for the day. The downgrade was driven by concerns over a potential memory super cycle that could adversely affect earnings.

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