JPMorgan Removes Dell From Analyst Focus List: All You Need To Know

  • JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc DELL from the firm's Analyst Focus List.
  • Chatterjee removed the stock, noting Dell is past an "event-driven catalyst," though he continues to rate shares overweight, citing its exposure to Enterprise IT spending and "superior execution."
  • Dell shares have gained 95% year-to-date and more than 55% since being added to the AFL list.
  • Dell is cycling past the event-driven catalyst in the form of the VMware Inc VMW spinoff, Chatterjee tells investors in a research note. 
  • He keeps an Overweight rating on Dell with a $75 price target.
  • Last week, Dell raised $2.25 billion via private debt offering to fund the repurchase of specific existing notes.
  • Related Content: Analysts Tick Up Dell Price Target Post Q3 Beat
  • Price Action: DELL shares traded lower by 2% at $56.45 on the last check Monday.
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