New York, September 12 (Patrika English News): Bank of America has reaffirmed its “Buy” rating on Dell Technologies (NYSE: DELL) after the company announced a leadership change in its finance team.
On September 9, Dell said Chief Financial Officer Yvonne McGill would step down from her role, with David Kennedy appointed as interim CFO effective the same day. Kennedy, a Dell veteran with 27 years at the company, was described by Vice Chairman and COO Jeff Clarke as “well suited to provide immediate leadership for our finance team and the company.”
The transition comes as Dell accelerates its artificial intelligence (AI) initiatives. Bank of America analysts cited Dell’s broad product portfolio, faster-than-market growth, share gains, and opportunities to expand margins through storage and premium PC/server configurations as reasons for their continued bullish stance.
“Our Buy rating is based on upside from AI, growth faster than the market, and continuing share gains,” BofA noted, adding that these strengths help offset risks from a sluggish global economy and Dell’s high financial leverage.
Dell Technologies provides IT solutions globally, including servers, storage, networking, and personal computing devices. The company has been positioning itself as a key beneficiary of rising AI-driven enterprise demand.