Zacks Investment Research downgraded shares of Dell Inc (DELL) from NEUTRAL to UNDERPERFORM on June 17, 2013, with a target price of $12.00.
Dell reported disappointing first-quarter numbers with earnings per share below the Zacks Consensus Estimate. Both revenues and margins were affected by the shift from traditional computing to tablets. Moreover, the company is up against cutthroat competition, low business growth in Europe and a restricted spending environment. The competition faced by the company in the Small & Medium Business (SMB) and server segments is also a concern. Keeping all these reasons in mind, the company opted for privatization. So, we have downgraded the stock from Neutral to Underperform.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on Dell Inc (DELL),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment