Wednesday, October 5, 2011

DELL: Deutsche Bank reiterate 'Buy'

Deutsche Bank writes, "Dell is on the front side of a multi-year business model evolution towards higher margin products (storage, networking and services) and away from PCs. We believe margin expectations for 2H look conservative (DB at OMs of 7.2%) due to continued weak commodity costs, the migration towards enterprise and disciplined pricing. At 4x PE (ex cash) DELL appears cheap; reiterate 'Buy'."
It is in a good agreement with  analysts recommendations published here on September 15:

Merlin Securities initiated coverage on Dell   with a “buy” rating and a $22 price target
UBS was less cryptic, but no less enthusiastic:
 UBS believe that strong cash flows, relatively low exposure to consumer PC and valuation make the shares attractive.
I KNOW FIRST system model  predictive Algorithm based on artificial Intelligence (AI), Machine Learning (ML), and incorporating elements of Artificial Neural Networks and Genetic Algorithms is optimistic on DELL

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