Dell Stock Is Getting Crushed After a Rare Double Downgrade. The Case for Buying.

Dell Technologies stock slumped following a double downgrade from analysts at Morgan Stanley even though another bank counseled investors to buy the stock ahead of next week’s earnings report. JPMorgan on the other hand, placed Dell on a Positive Catayst Watch. Morgan Stanley slashed its rating for Dell stock to Underweight from Overweight and lowered its price target to $110 from $144 in a research note Sunday.