Auriga Maintains Buy on Dell

Auriga is out with its report today on Dell DELL, maintaining Buy. In its report, Auriga writes, "We continue to believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full-service enterprise vendor over the next several years. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there may be bumps in the road along the way, attractive free cash flow, returns on capital and valuation suggest to us that shares remain a good buy for value-oriented investors, with above average protection during a downturn." Auriga maintains a $25 PT on DELL. At the time of posting, shares of DELL were trading pre-market at $14.14, down 1.94% from Tuesday's close.