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:
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.