UPDATE: Topeka Capital Markets Raises PT to $18 on Dell Following Icahn Involvement

Topeka Capital Markets maintained Dell

with a Buy rating and raised the price target from $16.00 to $18.00. Topeka Capital Markets noted, "A CNBC news story reported that Carl Icahn has taken a 100 million-share position (or nearly a 6% stake) in Dell and supportive of our view that a buyout price above $13.65 for Dell will be needed to complete this deal. We believe too many forces are pushing toward a higher buyout price, thus we are raising our 12-month price target on Dell to $18.00 from $16.00." Dell closed at $14.32 on Wednesday.