Goldman Sachs Maintains Sell on Dell (DELL)

Goldman Sachs is out with its report today on Dell DELL, maintaining Sell. In a note to clients, Goldman Sachs writes, "We maintain our Sell rating and 12-month price target of $10. We continue to believe that Dell's attempts to expand its enterprise solutions portfolio will require far more operating expense and M&A investments than investors currently appreciate. Our 12-month price target of $10 is based on a multiple of 7.7X our fiscal 2012 EPS estimate, which is at the low end of the stock's five year historical average." At the time of posting, shares of DELL were trading at $14, up 0.21% from Friday's close.