Dell outlook slashed at Credit Suisse: Credit Suisse lowered 2007 estimates on DELL to $1.06 from $1.43 and 2008 estimates to $1.20 from $1.64 after the company missed second quarter estimates. Price target was lowered to $18 from $24 but reiterated Neutral rating. Dell outlook cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on DELL for fiscal (Jan.) 2007 to $1.15 a share from $1.36 a share. Maintained Overweight rating. Ericsson estimates lowered at UBS: UBS lowered its 2006 estimates on ERICY a penny to $2.15 and 2007 estimates to $2.54 from $2.65. Price target was reduced to $43.83 from $46.57 and reiterated Buy rating. First Data estimates lowered at Jefferies: Jefferies said it is trimming its 2006 estimates by a penny to $2.39 due to drop in transactions at Western Union. Reiterated Buy rating and $55 target. Halliburton estimates raised at Jefferies: 2006 estimates on HAL raised by $0.08 to $1.94, Jefferies said. 2Q results show strong ESG earnings, with EBIT expansion in all segments. Reiterated Buy rating and price target of $50. Halliburton estimates raised at UBS: UBS raised its 2006 estimates on HAL two cents to $2.14 and 2007 estimates to $2.71 from $2.53. Maintained its Buy rating and $50 price target. Noble estimates raised at Jefferies: Jefferies said it is upping its 2006 estimates by 6 cents to $5.26 due to better than expected dayrates and utilization from mid-water floater fleet. Reiterated Buy rating and $109 price target. Satyam estimates raised at Prudential: Prudential said it is raising its 2007 estimates on SAY by 6 cents to $1.59 a share to incorporate Q1 beat offset by lower full-year margin expectations. Maintained Neutral Weight rating. Schlumberger estimates raised at Jefferies: Jefferies said it is raising its 2006 estimates on SLB to $2.88 from $2.63 based on 2Q earnings surprise and strong margin performance. Reiterate Buy rating and target of $78. Southern price target raised at Jefferies: Jefferies said it is raising its price target on SO by $1 to $33.50 due to premium multiple valuation versus electric utility group. Reduced 2006 estimates to $2.10 from $2.15 and reiterated Hold rating. Wachovia estimates raised at Credit Suisse: Credit Suisse raised its 2006 estimates on WB to $4.70 from $4.65 and 2007 estimates to $5.05 from $4.95 due to lower than expected credit losses on their earnings release. Maintained Neutral rating and $61 price target.