- Raymond James maintains an Outperform rating on Dell (NYSE:DELL) after yesterday's earnings report and lifts the target by a dollar to $62.
- "The report leads us to reaffirm our view that Dell is a nice house in a tough neighborhood," says analyst Simon Leopold, referring to the global slowdown for the PC market.
- Dell shares are up 8.9% to $50.98. PC peer HP (NYSE:HP) is up 1.3% to $18.33.