Barclays Maintains an 'Equalweight' on Dell (DELL); Cutting Outlook to Reflect Weakness in PCs
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Price: $13.39 -0.15%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Trade DELL Now!
Barclays maintains an 'Equalweight' on Dell (NASDAQ: DELL) price target of $13.00 (from $14.00).
Analyst, Ben A. Reitzes, said, "Dell's performance and outlook suggest a much softer 2H for PCs due to tablet cannibalization even in corporate markets and a pause ahead of Windows 8 in the consumer market. Our checks indicate significant market confusion around Ultrabooks and Windows 8 (is it for tablets or not?)..."
Q3 EPS estimate lowered from $0.46 to $0.40, FY13 from $1.82 to $1.75 and FY14 from $1.75 to $1.65. FY13 revenues cut to $57.57B from $59.43B and FY14 to $57.36B from $60.02B.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $12.34 yesterday, with a 52 week range of $11.39-$18.36.
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Analyst, Ben A. Reitzes, said, "Dell's performance and outlook suggest a much softer 2H for PCs due to tablet cannibalization even in corporate markets and a pause ahead of Windows 8 in the consumer market. Our checks indicate significant market confusion around Ultrabooks and Windows 8 (is it for tablets or not?)..."
Q3 EPS estimate lowered from $0.46 to $0.40, FY13 from $1.82 to $1.75 and FY14 from $1.75 to $1.65. FY13 revenues cut to $57.57B from $59.43B and FY14 to $57.36B from $60.02B.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $12.34 yesterday, with a 52 week range of $11.39-$18.36.
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