Brean Murray Carret & Co. Maintains a 'Buy' on Dell (DELL); Remaining On Path Despite Challenging Environment
Tweet
Share
E-mailGet Alerts DELL Hot Sheet
Price: $119.02 +1.03%
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 13 | New: 50
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 13 | New: 50
Join SI Premium – FREE
Brean Murray Carret & Co. maintains a 'Buy' on Dell (NASDAQ: DELL) price target of $16.00.
Analyst, Ananda Baruah, said, "We continue to view Dell as an undervalued asset, while also acknowledging near-term catalysts are tough to identify in a softening PC environment (although it could already be in the numbers). While Dell fully acknowledges that the current demand environment has softened (particularly PC's), we also don't believe their expectations have changed much since the May 22nd earnings call."
Baruah said that Dell had expected current hard drives pricing to be acting a certain way, and sees Seagate (NYSE: STX)(Buy) benefiting as the have LTA's signed with Dell.
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, Ananda Baruah, said, "We continue to view Dell as an undervalued asset, while also acknowledging near-term catalysts are tough to identify in a softening PC environment (although it could already be in the numbers). While Dell fully acknowledges that the current demand environment has softened (particularly PC's), we also don't believe their expectations have changed much since the May 22nd earnings call."
Baruah said that Dell had expected current hard drives pricing to be acting a certain way, and sees Seagate (NYSE: STX)(Buy) benefiting as the have LTA's signed with Dell.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stifel Upgrades Barry Callebaut AG (BARN:SW) (BYCBF) to Buy
- Argus Upgrades Goldman Sachs (GS) to Buy
- Scilex (SCLX) Provides Preliminary Financial Results For Gross and Net Sales for ZTlido® for the First Quarter 2024
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Brean Murray Carret & Co., EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
