$60 Dell? These analysts revise the computer maker’s price targets after third-quarter results – Dell Technologies (NYSE:DELL)

Dell Technologies Inc. Dell reported shows results that exceed expectations and sales results for its third quarter, but issued a weak fourth quarter sales guidance.

Dell reported third-quarter revenue of $24.7 billion, beating analysts’ average estimate of $24.53 billion. The company said third quarter revenue was down 6% year over year. Dell reported third-quarter earnings of $2.30 per share, beating estimates of $1.60 per share.

Dell shares fell 1.1% to $40.62 in premarket trading.

These analysts changed their price targets on Dell after the release of quarterly results.

• Barclays cut the target share price from $49 to $41. Barclays analyst Tim Long maintained an equal weight rating on the stock.
• Citigroup cut Dell’s price target from $55 to $53. Citigroup analyst Jim Suva maintained a buy rating on the stock.
• UBS lowered the price target on Dell from $65 to $60. UBS analyst David Vogt maintained a buy rating on the stock.
• Wells Fargo cut the price target on Dell from $58 to $52. Wells Fargo analyst Aaron Rakers kept the stock at an overweight.
• Raymond James raised the price target on Dell from $47 to $50. Raymond James analyst Simon Leopold held the stock up with an outperformance.