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☆ Monday's analyst calls: PC stock upgrade, Jefferies sees steady growth for consumer giant
▼ + stars: | 2023-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.

Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$

☆ Buy Dell shares as commercial PC market starts to recover, Citi says
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

There's a buying opportunity in Dell Technologies , and investors should capitalize on it, according to Citi. Analyst Asiya Merchant initiated coverage of Dell with a buy rating, as well as a $60 price target, citing the technology company's leadership in a category that's "poised for recovery." The analyst cited signs of early recovery in commercial PCs even as recovery in storage and compute remains uncertain. DELL 1D mountain Dell shares 1-day Dell shares are higher by 32% this year. However, the analyst's $60 price target implies the stock could rise another 12.9% from Thursday's closing price.

Persons: Asiya Merchant, Merchant, — CNBC's Michael Bloom Organizations: Dell Technologies, Citi, Dell

Citi says it has "greater conviction" in Corning 's margin recovery potential. Analyst Asiya Merchant upgraded the glass maker's shares to buy from neutral. She also raised her price target to $40 from $36, implying shares rallying more than 20% from Wednesday's close. A 20% price increase in the company's display segment offerings will help offset incremental costs and foreign exchange headwinds, helping the company's margin expansion targets, the analyst said. Merchant noted near-term demand recovery in the optical market remains uncertain.

Persons: Asiya, Merchant, — CNBC's Michael Bloom Organizations: Citi, Asiya Merchant, Auto Locations: Corning, Wednesday's

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