“Stifel Nicolaus analyst Shaw Wu this morning cut his rating on Dell to Underperform from Neutral, setting a price target of $15, well below the stock’s Tuesday close at $18.04.” Eric Savitz reports for Forbes.
“On the competitive front, he contends that Dell is ‘sandwiched between lower-cost players (Lenovo and Acer) and Apple encroaching more in its core PC business as Macs and iPads gain share,'” Savitz reports. “DELL this morning is down 23 cents, or 1.3%, to $17.81.”
Read more in the full article here.
MacDailyNews Take: SIDAGTMBTTS.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]