Brean Murray Remains Buyers Of Dell

In a report released this morning, Brean Murray said that it remains buyers of Dell Inc. DELL, “particularly given the recent pull-back and continue to like the stock at these levels.” “We believe the recent Dell retracement (~8% vs. S&P of 2%) most likely occurred because Cisco Systems, Inc. CSCO had weak government results, and Dell generates ~20% of its revenue from the ‘public' sector (government and education),” Brean Murray writes. Dell currently trades at $19.95.