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Tech Hardware: Morgan Stanley Cuts Targets for Apple, Dell, EMC, HP, IBM on Strong Buck, Global Slowdown

in News on September 22, 2008 at 10:40 am PT

In a sweeping call on tech hardware stocks, Morgan Stanley’s Kathryn Huberty and Scott Coleman cut price targets on earnings estimates for a host of hardware and telecom equipment companies to reflect the strengthening of the U.S. dollar and a slowdown in global demand.