Jefferies Sees Solid Q4 for Dell (DELL), Maintains Hold Rating

Jefferies commented on Dell (NASDAQ: DELL) ahead of Q4 results on February 21, after the market closes. The firm sees a solid quarter.

The analyst comments, "We believe both Dell and HPQ (NYSE: HPQ) had solid quarters relative to their guidance due to: 1) limited HDD impact; 2) data center demand helping their enterprise businesses; 3) Okay service bookings. The worst-case scenario of a substantial CQ1 HDD shortfall now appears unlikely. We expect relatively optimistic guidance from Dell and HP."

The firm maintained their Hold rating and $15 price target.

For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.

Shares of Dell closed at $18.04 yesterday.

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