Sun Microsystems

(SUNW) - Get Report

rose in early trading but was down 1.3% in active late morning trading. On Thursday afternoon, the server maker said it is

on track to meet its estimates for the quarter and that it sees strong demand.

Lehman Brothers

today reiterated its buy rating and price target of $125.

Banc of America

maintained its strong buy but cut its target to $130 from $145. It said, however, that the move was more a reflection of tech weakness than the outlook for Sun.