Analyst Actions: IBM, Dell, eXcelon, Sara Lee - TheStreet

Analyst Actions: IBM, Dell, eXcelon, Sara Lee

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The PC sector is under fire this morning.

Prudential Securities

has cut revenue estimates on PC-makers

IBM

(IBM) - Get Report

and

Dell

(DELL) - Get Report

this morning, thanks to weakness in PC sales.

Prudential cut fourth-quarter revenue estimates for IBM for the fourth quarter to $24.5 billion from $25.3 billion. IBM was lower in preopen trading, with shares lately down $2.69 to $82, or 3.2%, on 37,200

Instinet

shares. Pru trimmed its revenue estimates for Dell to $8.29 billion for the quarter from a previous estimate of $8.38 billion. Dell was the most actively traded stock in preopen trading, losing 38 cents to $17.63 on 87,900

Instinet

shares.

Downgrades

eXelon

(EXC) - Get Report

: DOWN to add from buy at

ABN Amro

.

Heller Financial

(HF) - Get Report

: DOWN to hold from strong buy at

UBS Warburg

.

CIT Group

(CIT) - Get Report

: DOWN to buy from strong buy at UBS Warburg.

Initiations

Sara Lee

(SLE)

: NEW hold at UBS Warburg.