Needham & Company Maintains a 'Hold' on Dell (DELL); Dividend Announcement Covering Macro Fears

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Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).

Analyst, Richard Kugele, said, "We maintain our Hold on Dell despite what we see as a compelling valuation and a newly instituted dividend due to 1) likely further estimate reductions in late summer; 2) recently weakened macro picture weighing on PC demand; and 3) Win 8/Win 8 tablet adoption risks."

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 $12.28 yesterday, with a 52 week range of $11.68-$18.36.

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