Credit Suisse First Boston

upgraded

Dell

(DELL) - Get Dell Technologies Inc Class C Report

to buy from hold today, just days after

Morgan Stanley

and

Salomon Smith Barney

TheStreet Recommends

lowered their forecasts for the personal computer maker.

CSFB set its near-term price target at $32. While economic uncertainties could still pressure the company's near-term earnings performance, "secular industry trends now favor Dell's business model, increasing our confidence in Dell's ability to hit numbers, the firm said.

Shares of Dell gained $1.69, or 7%, to $25.94 in recent

Nasdaq

trading.

Earlier this week Morgan Stanley lowered its 2001 projections for the company to 86 cents a share, down from $1.07. Salomon cut its fourth-quarter and fiscal 2002 earnings and revenue expectations on Wednesday. Salomon cut fourth-quarter earnings projections to 23 cents a share from 26 cents.

Twenty-three analysts polled by

First Call/Thomson Financial

are calling for Dell to earn 25 cents a share for the fourth quarter and 91 cents for fiscal 2001.