Jefferies Starts Dell (DELL) at Hold
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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
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Jefferies initiates coverage on Dell (NASDAQ: DELL) with a Hold rating and $17 price target.
The firm states, "Despite near-term benefits from falling PC component prices and the enterprise PC refresh cycle, we believe Dell has longer-term disadvantages in a tablet and cloud world: Dell is not focused on tablets and is well behind HP in developing a full cloud stack. In contrast to HP, we see Dell’s 3-year forward margins below where they are today. We are above consensus for the next 2 Qs but below for FY13."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $16.65 yesterday, with a 52 week range of $11.34-$17.22.
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The firm states, "Despite near-term benefits from falling PC component prices and the enterprise PC refresh cycle, we believe Dell has longer-term disadvantages in a tablet and cloud world: Dell is not focused on tablets and is well behind HP in developing a full cloud stack. In contrast to HP, we see Dell’s 3-year forward margins below where they are today. We are above consensus for the next 2 Qs but below for FY13."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $16.65 yesterday, with a 52 week range of $11.34-$17.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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