Updated from 3:49 p.m. EST
Though many widely held tech stocks rallied toward the market close Wednesday,
remained among the day's notable losers.
UBS analyst Heather Bellini lowered her price target for Microsoft to $21 and also cut estimates based on sales and earnings forecasts revealed at a meeting Tuesday in New York. Shares were down 1.2% to$16.96 in recent trading.
In other analyst news,
got a little love Wednesday from JP Morgan, which upgraded the stock to Overweight from Neutral, citing the potential for iPhone revenue later in 2009. Shares rose 2% to $23.71.
Elsewhere in the tech sector:
Yahoo! shares were down 2.1% to $12.48.
Google shares were down 1.1% to $341.64.
Research In Motion were up 1.9% to $41.17.
Palm was down 5% to $7.28.
Nokia , which a day earlier announced a voluntary resignation program, was down 2.5% to $9.46.
Apple was up 1% to $91.16.
Shares of Hewlett-Packard were up 1.7% to $30.12.
Dell was up 1.2% to $8.36.
Cisco was down 1.5% to $14.77.
IBM was down 0.6% to $85.90.