UPDATE - Credit Suisse Initiates Coverage on Dell, Inc (DELL) with an Underperform; In Need Of A Transformation, But Lacking Firepower
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Price: $114.87 -2.96%
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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UPDATE - Credit Suisse initiates coverage on Dell, Inc (Nasdaq: DELL) with an Underperform rating and $16 target price.
Credit Suisse analyst said, "We believe that Dell is in the midst of an ambitious transformation to become a more strategic enterprise player; however, we are concerned that this will take some time. We see limited structural organic revenue growth with only gradual scope for further margin expansion, and consequently, a lack of bottom line growth."
"... Simply put, Dell needs a transformation, and the issue is that this will involve M&A in the software, services, and storage areas. Here, not only is the current track record mixed, but the company will also need to compete for targets with peers such as IBM (NYSE: IBM), Hewlett-Packard (NYSE: HPQ), Oracle (Nasdaq; ORCL), and Cisco (Nasdaq: CSCO) that have deeper pockets, and more attractive platforms."
To see all upgrades/downgrades on shares of DELL, visit our Analyst Ratings page.
Credit Suisse analyst said, "We believe that Dell is in the midst of an ambitious transformation to become a more strategic enterprise player; however, we are concerned that this will take some time. We see limited structural organic revenue growth with only gradual scope for further margin expansion, and consequently, a lack of bottom line growth."
"... Simply put, Dell needs a transformation, and the issue is that this will involve M&A in the software, services, and storage areas. Here, not only is the current track record mixed, but the company will also need to compete for targets with peers such as IBM (NYSE: IBM), Hewlett-Packard (NYSE: HPQ), Oracle (Nasdaq; ORCL), and Cisco (Nasdaq: CSCO) that have deeper pockets, and more attractive platforms."
To see all upgrades/downgrades on shares of DELL, visit our Analyst Ratings page.
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