BMO Capital Markets Maintains Dell Inc. (DELL) Market Perform Rating
BMO Capital Markets analysts Keith Bachman and Jung Pak reviewed their rating for shares of Dell Inc. (Nasdaq: DELL) after the PC maker reported earnings and maintained their Market Perform rating of Dell Inc. shares with a price target of $16.
The BMO Capital Markets analysts said that although Dell Inc. beat their revenue expectations, "three out of four of Dell’s business units had sequential operating margin weakness despite strong quarterly revenue growth."
The analysts wrote that they, "had expected that Dell’s revenue growth would improve in CY10, and it began about a quarter earlier than we anticipated. However, Dell’s inconsistent financial performance suggests that investors should look for a very attractive entry point, which believe [sic] is below $13."
Dell Inc. closed at $14.43 on Thursday.
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