Tags: Dell | Shares | UBS | Analyst

Dell Shares Gain as UBS Analyst Raises Price Target

Thursday, 03 January 2013 04:00 PM EST

Dell Inc. shares rose as much as 6.1 percent Thursday, gaining for a third trading day, after an analyst at UBS Securities LLC raised his price target on optimism for the computer maker’s new offerings for corporate customers.

Dell ended up 2.5 percent at $10.94 in New York, after earlier touching $11.33, the highest price since August. At Thursday’s high, the stock had risen 14 percent this week.

UBS’s Steven Milunovich said he spoke with executives including Marius Haas, Dell’s president of enterprise solutions, whose priority is broadening the audience for the company’s products. Milunovich said Dell’s corporate-product lineup has improved, and the Round Rock, Texas-based company is taking market share from Hewlett-Packard Co. and International Business Machines Corp. in some server markets.

“Dell has cobbled together an attractive portfolio of enterprise technology,” Milunovich wrote in a report Thursday. The analyst raised his 12-month price target on the shares to $10.50 from $9.75. He has a neutral rating on Dell stock.

© Copyright 2024 Bloomberg News. All rights reserved.


InvestingAnalysis
Dell Inc. shares rose 2.5 percent Thursday, gaining for a third trading day, after an analyst at UBS Securities LLC raised his price target on optimism for the computer maker's new offerings for corporate customers.
Dell,Shares,UBS,Analyst
161
2013-00-03
Thursday, 03 January 2013 04:00 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved