FBN Securities Retains an 'Outperform' on Dell (DELL); Raising PT & Estimates
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Price: $490.81 -0.75%
Rating Summary:
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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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FBN Securities retains an 'Outperform' on Dell (NASDAQ: DELL), raises PT by $1 to $20.
FBN analyst says, "The company reiterated its prior F2012 targets, announced an acceleration in its share repurchase activity, elaborated on its investments in the storage area (where margins on DELL IP are up 51%), and discussed its intention to grow its business by organic and inorganic means...We are raising our F2012 revenue/NG EPS estimates from $63.7B/$1..98 to $63.9B/$2.01."
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.
FBN analyst says, "The company reiterated its prior F2012 targets, announced an acceleration in its share repurchase activity, elaborated on its investments in the storage area (where margins on DELL IP are up 51%), and discussed its intention to grow its business by organic and inorganic means...We are raising our F2012 revenue/NG EPS estimates from $63.7B/$1..98 to $63.9B/$2.01."
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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