Friday, August 31, 2007 5:09:11 AM ET Robert W. Baird
NEW YORK, August 31 - Analysts at Robert W Baird maintain their "neutral" rating on Dell Inc (DELL.NAS), while raising their estimates for the company. The target price has been raised from $28 to $30.
In a research note published this morning, the analysts mention that the company has reported its F2Q08 revenues and EPS ahead of the consensus. Dell?s gross margins improved 40 bps, representing sequential growth, on account of favourable component pricing and a rise in ASPs, the analysts say. The EPS estimate for FY08 has been raised from $1.39 to $1.43.