UPDATE: FBN Securities Lowers PT on Dell from $20 to $19

FBN Securities has published a research report on Dell Inc. DELL lowering the price target by a dollar. In the report, FBN wrote, "Investors are most focused on the weaker-than-expected guide, but there were other concerns as well: 1.) mobile PC revenue of $4.8B grew only 1% Y/Y due to a weak consumer segment and due to continued displacement of mobile PCs by tablets/iPads, 2.) DELL noted push-outs in the US Federal segment, and 3.) Europe is looking weak (no surprise)." FBN rated Dell an Outperform with a price target lowered from $20.00 to $19.00. Dell closed Tuesday at $15.80.