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Buy the Dip in Dell Shares Ahead of VMware Spinout, Analyst Says – Barron’s

Evercore ISI analyst Amit Daryanani said that the selloff in Dell shares—prompted by the departure of VMware CEO Pat Gelsinger—has gone too far.

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Dell Technologies
shares are getting a lift Friday from Evercore ISI analyst Amit Daryanani, who reiterated his Outperform rating and raised his price target on the stock to $85 from $75.Dell owns about 81% of
VMware
(VMW), and that stake accounts for a vast majority of Dells market capitalization. Gelsingers appointment triggered a wave of stock upgrades for
Intel
(INTC), given his previous 30-year run at the chipmaker, where at one point he became the companys first chief technology officer….

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