Dell got downgraded Friday by JPMorgan!
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Dell got downgraded Friday by JPMorgan, which said it believes the PC maker won’t reap outsize rewards from this year’s rollout of Microsoft’s Vista operating system. While shares of Dell dropped in the early hours of trading they are up +0.22 (0.80%) when this was posted.
JPMorgan cut Dell to underweight from neutral, citing margin pressure and tough competition in the corporate PC market. Shares fell 2% early Friday. Dell shares dropped 17% last year as the company struggled with accounting problems and ceded market share to Hewlett-Packard.
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