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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: kemble s. matter who wrote (155314)3/20/2000 10:34:00 AM
From: calgal  Read Replies (1) | Respond to of 176387
 
Kemble, Hi! Details on Salomon Smith Barney raising Dell's Price Target $71 from $55. :)Leigh

3/20/00 - RESEARCH ALERT - Dell target raised

cnbc.com

NEW YORK, March 20 (Reuters) - Salomon Smith Barney said analyst Richard Gardner raised his price target on No. 2 personal computer maker Dell Computer Corp. (DELL.O) on Monday.

-- boosted target to $71 from $55.

-- reiterated buy rating.

-- "We believe that that Dell's unit shipments are at least tracking to expectations this quarter and that gross margins are ahead of expectations.

-- "Based on trends so far, we believe that Dell will exceed our EPS (earnings-per-share) estimate and the consensus by $0.01-$0.02 this quarter."

-- Dell closed on Friday at 56-7/16.

REUTERS Rtr 09:17 03-20-00