Dell Savors Sweet Quarter

Updated from 9:42 a.m. EST

Wall Street had effusive praise for Dell's(DELL Quote) October quarter Friday, lauding the PC powerhouse for its cash generation and steady growth and sending the shares up almost 5%.

In recent trading the stock had gained $1.76 to $39.01.

At CIBC, analyst Ali Irani upgraded Dell to sector outperform from a sector perform rating, noting the company now expects to meet its $60 billion annual revenue target a year ahead of schedule, in fiscal 2006. He also raised his revenue target for next year to $56.3 billion from $54.8 billion and EPS estimate to $1.60 from $1.50. ...