NatWest Securities raised its earnings forecasts for Compaq Computer and Dell Computer, according to a Reuters report. Compaq's fourth-quarter earnings estimate was raised to $1.60 a share from $1.45, the 1997 EPS forecast to $6 a share from $5.75, and the 1998 forecast to $7.25 from $7. NatWest raised Dell's fourth-quarter estimate to 85 cents a share from 70 cents; it also upgraded the 1997 forecast to $2.62 from $2.47, and the 1998 forecast to $3.50 from $3.25. NatWest's six-month price target for Compaq rose to $90 from $85, for Dell to $63 from $45.
Short Take: Compaq, Dell estimates raised
NatWest Securities raised its earnings forecasts for Compaq Computer and Dell Computer, according to a Reuters report. Compaq's fourth-quarter earnings estimate was raised to $1.60 a share from $1.45, the 1997 EPS forecast to $6 a share from $5.75, and the 1998 forecast to $7.25 from $7. NatWest raised Dell's fourth-quarter estimate to 85 cents a share from 70 cents; it also upgraded the 1997 forecast to $2.62 from $2.47, and the 1998 forecast to $3.50 from $3.25. NatWest's six-month price target for Compaq rose to $90 from $85, for Dell to $63 from $45.
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