Following the sun, analysts this morning have trimmed earnings estimates for Unix server maker
, which fell short of revenue expectations when
reporting earnings last night. However,
went a step further, downgrading the stock to neutral from buy.
trimmed 2001 estimates to 67 cents a share from 72 cents a share, and dropped 2002 estimates to 84 cents a share from 88 cents a share.
cut fiscal 2001 EPS estimates to 68 cents from 71 cents, expressing caution about the company.
"The economic slowdown reduces visibility and raises the risk that Sun could be the next
," wrote Merrill analyst Tom Kraemer this morning. "We continue to believe Sun is the best positioned server company and that it should continue to gain share. The question is the rate of share gains and continued economic deterioration may mean additional downward revisions."
Credit Suisse First Boston
this morning to buy from hold. Of the PC maker, CSFB said, "While economic uncertainties could still pressure Dell's near-term earnings performance, secular industry trends now favor Dell's business model, increasing our confidence in Dell's ability to hit numbers."
: UP to buy from long-term attractive at
: UP to strong buy from buy at
. Estimates for 2001 and 2002 upped to 38 cents a share and 65 cents a share from 37 cents a share and 57 cents a share. Lehman raised 2000 estimates to 24 cents a share from 22 cents a share.
: UP to strong buy from buy at Lehman; price target up to $70 from $63.
Lakehead Pipeline Partners
: UP to buy from market perform at Lehman.
: UP to strong buy from accumulate at
: UP to buy from outperform at
Salomon Smith Barney
: DOWN to buy from strong buy at Robertson Stephens.
: DOWN to hold from buy at CSFB.
: DOWN to buy from strong buy at CSFB.
: DOWN to accumulate from buy at Merrill.