BofA/Merrill Upgrades Dell To Buy
Analysts at BofA/Merrill upgrade Dell Inc (NASDAQ: DELL) from "neutral" to "buy." The target price for DELL has been raised from $16.50 to $18.00. According to BofA/Merrill, the upgrade in the rating is based on low investor sentiment for DELL, high short interest and the stock’s attractive valuation.
DELL’s shares lowers by 1.19% to close at $13.55.
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