Sterne Agee Maintains a 'Neutral' on Dell (DELL); Still Sandwiched
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Price: $13.41 --0%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
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Sterne Agee maintains a 'Neutral' on Dell (NASDAQ: DELL).
Analyst, Shaw Wu, said, "We remain concerned that DELL is in a tough fundamental position sandwiched between low-cost players (Lenovo and Acer) and Apple (Nasdaq: AAPL) encroaching more in its core PC business. Despite efforts to grow beyond a PC company with multiple acquisitions (including Quest (Nasdaq: QSFT)) over the past few years, we estimate 65%-70% of its business is still tied to PCs."
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 $12.39 yesterday, with a 52 week range of $11.68-$18.36.
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Analyst, Shaw Wu, said, "We remain concerned that DELL is in a tough fundamental position sandwiched between low-cost players (Lenovo and Acer) and Apple (Nasdaq: AAPL) encroaching more in its core PC business. Despite efforts to grow beyond a PC company with multiple acquisitions (including Quest (Nasdaq: QSFT)) over the past few years, we estimate 65%-70% of its business is still tied to PCs."
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 $12.39 yesterday, with a 52 week range of $11.68-$18.36.
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