Goldman Sachs Resumes Dell (DELL) at Sell, Sees 27% Downside
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Price: $13.40 -0.22%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade DELL Now!
Goldman Sachs resumes coverage on Dell (NASDAQ: DELL) with a Sell rating and $10 price target, suggesting 27% downside.
The firm said recent gross margin strength will be short-lived, while the enterprise transformation could require more significant organic investments and potential M&A than most anticipate.
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $13.89 yesterday, with a 52 week range of $11.34-$17.52.
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The firm said recent gross margin strength will be short-lived, while the enterprise transformation could require more significant organic investments and potential M&A than most anticipate.
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $13.89 yesterday, with a 52 week range of $11.34-$17.52.
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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