UBS Reiterates a 'Buy' on Dell (DELL); Q4 Preview
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Price: $478.35 -2.54%
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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UBS reiterates a 'Buy' on Dell (NASDAQ: DELL) price target raised from $19 to $22.
UBS analyst says, "We are raising our tgt to $22 based on 10x our new FY13 EPS of $2.20 (prior: $2.13). While we maintain our FY13 rev forecast, we raise our gross mgn est given our belief that investments made over the previous year+ will start to bear higher margin revenue fruit over the coming 6-12 months. We also believe M&A (mid-mkt-focused software & services) could be accretive & not reflected in estimates."
"We expect upside to our/Street (Q4) EPS est of $0.51 driven, in part, by PC share gains & strength across geos. We believe Dell executed relatively well through HDD shortages by modifying configurations based on drive availability...We believe increased confidence in Dell’s transformation will likely lead to higher stock multiple."
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 $18.16 yesterday.
UBS analyst says, "We are raising our tgt to $22 based on 10x our new FY13 EPS of $2.20 (prior: $2.13). While we maintain our FY13 rev forecast, we raise our gross mgn est given our belief that investments made over the previous year+ will start to bear higher margin revenue fruit over the coming 6-12 months. We also believe M&A (mid-mkt-focused software & services) could be accretive & not reflected in estimates."
"We expect upside to our/Street (Q4) EPS est of $0.51 driven, in part, by PC share gains & strength across geos. We believe Dell executed relatively well through HDD shortages by modifying configurations based on drive availability...We believe increased confidence in Dell’s transformation will likely lead to higher stock multiple."
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 $18.16 yesterday.
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