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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."

The analysts said they preferred Hewlett-Packard Co (NYSE: HPQ) and Seagate Technology (Nasdaq: STX) for their PC investments.

Dell Inc. closed at $14.43 on Thursday.

Posted-In: BMO Capital Markets Dell Inc.Analyst Color Long Ideas News Markets Analyst Ratings Trading Ideas


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