Dell Downgraded By S&P

Standard & Poor's trimmed its rating on Dell DELL as the computer maker ponders its next move in its battle with Hewlett-Packard HPQ to acquire 3Par PAR. S&P lowered Dell to "sell" from "hold." Analyst Tom Smith cut his fiscal 2010 EPS estimate for Dell to to $1.40 from $1.47 per share and lowered his target price for Dell shares to $11 from $15.
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Posted In: Analyst ColorNewsDowngradesPrice TargetManagementM&AIntraday UpdateAnalyst RatingsComputer HardwareInformation TechnologyTom Smith
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