BMC Maintains Buy on Dell

BMC is out with its report today on Dell DELL, maintaining Buy. In a note to clients, BMC writes, "We feel incrementally bullish on our Buy rated Dell call after spending the evening with management. Overall, we believe revenue is tracking within Dell's updated FY11 guidance of 5% - 9% (Street is actually below this at just 4%) and mid-single digit Q/Q July Q growth. Moreover, we believe Europe and China remain in-line with expectations; we believe if Dell were to have a concern it would be the U.S given the economic data – but we don't get the sense any unexpected softness has yet crept in." BMC Maintains a $19 PT on DELL. At the time of posting, shares of DELL were trading pre-market at $16.15, up 0.87% from Tuesday's close.