Breeze Holdings Acquisition Corp
Change company Symbol lookup
Select an option...
BREZ Breeze Holdings Acquisition Corp
TAK Takeda Pharmaceutical Co Ltd
CLIR Clearsign Technologies Corp
T AT&T Inc
MPW Medical Properties Trust Inc
GENI Genius Sports Ltd
BAC Bank of America Corp
NTRA Natera Inc
MELI Mercadolibre Inc
BYTSU BYTE Acquisition Corp

Company profile

Breeze Holdings Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses for a target business in the energy industry in North America. The Company has no operations and has not generated revenues.

Closing Price
Day's Change
0.01 (0.10%)
B/A Size
Day's High
Day's Low

10-day average volume:

Dell rises to record high after analyst calls stock 'compellingly inexpensive'

8:28 am ET January 11, 2022 (MarketWatch)

By Emily Bary

Tech company has better business mix than peers, Bernstein analyst says in upgrade

Dell Technologies Inc. shares closed at a record high Monday after being dubbed "compellingly inexpensive" by an analyst.

Bernstein analyst Toni Sacconaghi upgraded Dell (DELL) stock to outperform from market perform Monday, boosting his target price to $72 from $63 and writing of several potential catalysts for the maker of personal computers. Shares gained 3.3% in the session to close at $59.88, nearly a dollar higher than the previous record close, which was $58.91 on Dec. 7, 2021.

While Sacconaghi sees general signs of a slowdown in Chromebooks, he notes that Dell has a better business mix than some of its rivals in the personal-computer segment. The company is less exposed to Chromebooks and gets roughly 75% of its revenue from corporate business, by his estimation, whereas he pegs the broader industry's mix at closer to 50%.

Dell also has three "structural advantages" over many of its rivals, in Sacconaghi's view, including its "broader solution set" that allows for better cross-selling. Further, the company's scale allows for "greater purchasing heft," and its distribution model affords more flexibility to tweak pricing.

Sacconaghi sees potential in Dell's storage business, which has been "relatively flat" in recent quarters but could capitalize on "an elevated backlog and a mainframe cycle." This part of the business is of key interest to investors, he noted, given that it accounts for roughly 16% of revenue but about 30% of profit.

He calculates that Dell has approximately $6 billion to $8 billion in excess cash, which the company could use for a "more aggressive" approach to paying down debt or buying back shares. Doing so could boost the company's fiscal 2023 earnings per share by an additional $1, per his math.

Then there's the possibility that Dell could do away with its supervoting share class. While he notes that Chief Executive Michael Dell shared at a Bernstein conference that the company had no plans to eliminate the supervoting shares, Sacconaghi still sees it as a possibility--and argues that such a change could win Dell's stock more favor with investors and index providers.

"It is possible that some investors might put a discount on Dell due to the company's dual-class share structure, which gives Michael Dell majority voting power and excludes Dell from being included in major indexes," he wrote.

Dell stock has gained 53.3% in the past year, as the S&P 500 index has gained 22.3%.

-Emily Bary


(END) Dow Jones Newswires

January 11, 2022 08:28 ET (13:28 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.