UPDATE: Raymond James Starts Dell (DELL) at Outperform

January 28, 2019 4:24 PM EST
Get Alerts DELL Hot Sheet
Price: $96.55 +0.64%

Rating Summary:
    17 Buy, 17 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - January 29, 2019 7:12 AM EST)

(updated to add analyst comments)

Raymond James analyst Simon Leopold initiates coverage on Dell (NYSE: DELL) with a Outperform rating and $57 price target.

Leopold told clients to 'walk but don'r run to buy the stock'.

He said its debt burden and limited access to VMware's cash weighs on the stock’s value; however, they believe share gains and benefits from favorable enterprise spending patterns, along with de-levering its balance sheet, can unlock value.

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 $45.91 yesterday.

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