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

By Benzinga
Benzinga
Benzinga
December 13, 2021 Updated: December 13, 2021

JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc. 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 percent year-to-date and more than 55 percent since being added to the AFL list.

Dell is cycling past the event-driven catalyst in the form of the VMware Inc. 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.

By Anusuya Lahiri 

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