from buy to hold. The firm said it expects there will be a "slow path to sentiment recovery for the sector," that it sees greater regulatory headwinds for online media assets and that it would rather be positioned in online retail assets.— Shares of Dell gained 3.
7% after Goldman Sachs added the computer maker to its conviction buy list. The firm's price target of $137 on the stock implies 44% upside to the Dell's Friday closing price. "We believe strong cash flow generation and a clear road map for a debt paydown continue to argue for a multiple on Standalone Dell closer to comps," Goldman said.
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