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Technology Stocks : Dell Technologies Inc.
DELL 114.44-3.4%Jan 30 9:30 AM EST

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To: stock bull who wrote (174737)4/18/2005 2:21:30 PM
From: kaka  Read Replies (1) of 176388
 
Dell "outperform," target price reduced

Monday, April 18, 2005 9:08:40 AM ET
Bear Stearns


NEW YORK, April 18 (newratings.com) - Analyst Andrew J Neff of Bear Stearns maintains his "outperform" rating on Dell Inc (DELL.NAS), while reducing his estimates for the company. The target price has been reduced from $53 to $45.

In a research note published on April 15, the analyst mentions that the IT spending environment appears to be weaker than expected, given the sluggish revenues reported by Dell's major competitor, IBM. Bear Stearns has downgraded the IT hardware sector from "market weight" to "underweight." The EPS estimates for FY2006 and FY2007 have been reduced from $1.60 to $1.55 and from $1.90 to $1.80, respectively.
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