Morgan Stanley Cuts CDW Computer Estimates

Analyst Susan Quilty reduced her outlook based on the company's new guidance

Morgan Stanley Dean Witter cut estimates on CDW Computer (CDWC ).

Analyst Susan Quilty says the company's guidance is down 2%-3% from the previous guidance and notes previous EPS guidance was $0.44-$0.48. She cut her Q3 revenue estimate to $970 million and cut her $0.46 EPS to $0.44. She also cut the $0.49 Q4 EPS estimate to $0.47, and cut 2002's $2.16 estimate to $2.12, reflecting 15% annual growth.

Quilty maintains her outperform rating, and put her price target under review.

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