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Dell’s Target, Estimates Reduced at Jefferies; Several Overhangs in PC Market (DELL)

By Dividend.com,  June 26, 2012, 09:14:23 AM EDT

PC maker Dell Inc. ( DELL ) on Tuesday caught some tepid commentary from analysts at Jefferies & Co.

The firm maintained its "Hold" rating on DELL but cut its price target from $15 to $13. That new target suggests a 9% upside to the stock's Monday closing price of $11.95.

Jefferies also lowered its fiscal first quarter and full-year 2013 earnings estimates for the company, citing multiple factors, including:

  • Softening PC demand over the past month,
  • Tablet competition from Microsoft ( MSFT ),
  • Competition from Chinese I.T. firm Huawei (which is a Windows 8 launch partner),
  • Risks that OEMs may not initially embrace new Windows 8 hybrid tablet/notebooks, and
  • A cautious outlook on Windows 8′s real impact on PC demand.

Dell shares posted modest gains in premarket trading Tuesday.

The Bottom Line
Shares of Dell ( DELL ) are getting set to announce their first-ever dividend payout dates. Based on the payout amount indicated, the stock would have a 2.68% dividend yield, based on last night's closing stock price of $11.95.

Dell Inc. ( DELL ) is not currently rated by Dividend.com.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: DELL



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