JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc. from the firm’s Analyst Focus List. Chatterjee removed the stock, noting Dell is past an “event-driven catalyst,” though he continues to rate shares overweight, citing its exposure to Enterprise IT spending and “superior execution.” Dell shares have gained 95 percent year-to-date and more than 55 percent since being added to the AFL list. Dell is cycling past the event-driven catalyst in the form of the VMware Inc. spinoff, Chatterjee tells investors in a research note. He keeps an Overweight rating on Dell with a $75 price target. Last week, Dell raised $2.25 billion via private debt offering to fund the repurchase of specific existing notes. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
RSS Feed | The Epoch Times