JPMorgan's Mark Moskowitz has cut his targets for 12 IT hardware companies, including Dell (DELL...

|About: Dell Inc. (DELL)|By:, SA News Editor

JPMorgan's Mark Moskowitz has cut his targets for 12 IT hardware companies, including Dell (DELL -3.8%), H-P (HPQ -1.1%), and Western Digital (WDC -3.1%). He cites weak Euro IT spending, Chinese growth worries, and the impact of a strong dollar on exports. Targets are also cut for Apple (AAPL), IBM, EMC, and NetApp (NTAP), but Moskowitz is more positive on their ability to weather the storm. (STX/WDC downgrade)