Benzinga | Dec 13, 2021 12:54PM EST

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

* JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc (NYSE:DELL) 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% year-to-date and more than 55% since being added to the AFL list.

* Dell is cycling past the event-driven catalyst in the form of the VMware Inc (NYSE:VMW) 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.

* Related Content: Analysts Tick Up Dell Price Target Post Q3 Beat

* Price Action: DELL shares traded lower by 2% at $56.45 on the last check Monday.