Needham & Company Maintains a 'Hold' on Dell (DELL); Dividend Announcement Covering Macro Fears
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Price: $490.81 -0.75%
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
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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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Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).
Analyst, Richard Kugele, said, "We maintain our Hold on Dell despite what we see as a compelling valuation and a newly instituted dividend due to 1) likely further estimate reductions in late summer; 2) recently weakened macro picture weighing on PC demand; and 3) Win 8/Win 8 tablet adoption risks."
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 $12.28 yesterday.
Analyst, Richard Kugele, said, "We maintain our Hold on Dell despite what we see as a compelling valuation and a newly instituted dividend due to 1) likely further estimate reductions in late summer; 2) recently weakened macro picture weighing on PC demand; and 3) Win 8/Win 8 tablet adoption risks."
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 $12.28 yesterday.
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