Dell upgraded at UBS; analysts expects businesses to replace aging PCs
By APThursday, July 1, 2010
Dell upgraded at UBS on PC expectations
NEW YORK — Dell Inc. is poised to gain from a new cycle of computer upgrades at businesses, a UBS analyst said Thursday, upgrading the company’s stock.
THE OPINION: UBS analyst Maynard Um said more companies should start replacing aging PCs in the second half of the year and into 2011.
He said overall weakness in PC sales will be driven more by consumers and Dell is less exposed than some rivals to consumer demand.
The recent dip in Dell’s stock price also makes it an attractive buy, Um said. Dell shares have dropped nearly 13 percent since the company held an analyst presentation last week.
Um upgraded the company’s stock to “Buy” from “Neutral.”
THE STOCK: Dell shares were up 2 cents to $12.08 in afternoon trading.
Tags: Computer Hardware, Computing And Information Technology, Consumer Electronics, New York, North America, United States
