Auriga Reiterates a 'Buy' on Dell (DELL); Bullish Tone at Analyst Day Suggests Turn-Around Story on Track
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Price: $490.81 -0.75%
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on Dell (NASDAQ: DELL), PT $25.
Auriga analyst says, "Dell offered a very bullish tone at its Analyst Day, and focused heavily on its new status as a technology solution provider with expanding margin profile. We continue to believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full service enterprise vendor over the next several years. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there may 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."
"We remain comfortable with 5% PC unit growth for 2011 and beyond; Dell is not really concerned with that number due to focus on profitable solutions."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $16.42 yesterday.
Auriga analyst says, "Dell offered a very bullish tone at its Analyst Day, and focused heavily on its new status as a technology solution provider with expanding margin profile. We continue to believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full service enterprise vendor over the next several years. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there may 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."
"We remain comfortable with 5% PC unit growth for 2011 and beyond; Dell is not really concerned with that number due to focus on profitable solutions."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $16.42 yesterday.
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