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

February 5, 2013 1:47 PM EST Send to a Friend
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Price: $13.86 --0%

Rating Summary:
    9 Buy, 21 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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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.


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