Auriga Starts Dell (DELL) at Buy
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Price: $13.35 -0.15%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade DELL Now!
Auriga initiates coverage on Dell (NASDAQ: DELL) with a Buy rating and $25 price target.
The firm said, "We believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full service enterprise vendor. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there will be bumps in the road along the way, attractive free cash flow, returns on capital and valuation suggest to us that shares remain a good buy for value-oriented investors."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $16.73 yesterday, with a 52 week range of $11.34-$16.80.
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The firm said, "We believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full service enterprise vendor. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there will be bumps in the road along the way, attractive free cash flow, returns on capital and valuation suggest to us that shares remain a good buy for value-oriented investors."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $16.73 yesterday, with a 52 week range of $11.34-$16.80.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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