Barclays on U.S. IT Hardware: See Potential EPS Upside at DELL and TECD

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DELL Hot Sheet

Rating Summary:
9 Buy, 14 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82

Barclays on U.S. IT Hardware: See Potential EPS Upside at DELL and TECD

Analyst, Ben A. Reitzes, said, "...we have raised EPS estimates and price targets for Dell (Nasdaq: DELL) and Tech Data (Nasdaq: TECD). For Dell, the changes are based on share gains vs. HP (NYSE: HPQ) and upside from a 14-week January quarter, as well as some additional sustainability of margins. For Tech Data, we believe the company can benefit near-term from higher margins and solid execution..."

Barclays maintains an 'Equalweight' on Dell, but raises PT from $16 to $19 and raises FY12 from $2.12 to $2.16 and FY13 from $1.80 to $2.05.

Barclays maintains an 'Equalweight' on Tech Data, but raises PT from $48 to $54 and raises FY12 EPS estimate from $4.84 to $5.01 and FY13 from $5.25 to $5.56.

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