J. P. Morgan Provides Color on Dell, Underweight

J.P. Morgan provided color on Dell DELL. In a research report published today, J.P. Morgan stressed that Dell has some catching up to do. In the report, J.P. Morgan states, "we expect large cap tech companies such as Cisco, Dell, and Hewlett- Packard to make increasing organic and inorganic investments to keep pace with IBM and Oracle. All of these companies appear to be moving toward a one-stop IT solutions model. In our view, IBM is the farthest along, whereas Dell has more work to be done. As a result, we are concerned that the M&A overhang could limit relative outperformance potential in Dell's stock." At the moment, J.P. Morgan has an Underweight rating and a price target of $17.50 placed on the company's stock. On Wednesday, Dell finished the day at $16.21.