IBM (IBM -2.2%) drags down the tech sector after Bernstein trims its rating on the stock to...

|By:, SA News Editor

IBM (IBM -2.2%) drags down the tech sector after Bernstein trims its rating on the stock to Market Perform from Outperform, saying it is fairly valued at current levels and investor expectations for further EPS upside are already reflected in the price. IBM's recent growth - 7% in the December quarter, highest in nine years - is likely not sustainable.