Deutsche Bank Downgrades Dell (DELL) to Hold; Higher Bid Unlikely

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Deutsche Bank downgraded Dell (NASDAQ: DELL) from Buy to Hold with a price target of $13.65 (from $15.00) following today's 'take private' deal. The firm while the deal comes at a discount to other structurally challenged companies like HPQ and LXK a superior bid seems unlikely.

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 $13.27 yesterday, with a 52 week range of $8.69-$18.36.

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