Conductus is one of the few small cap companies (other main players are ISCO, SCON, AMSC) in the superconductor industry using high temperature superconductors, possibly the technology of the next
century. Their stock showed a sharp rise in early Feb after they announced successful completion of a field test for their superconductor-based filter subsystem for use in rural cellular base stations (see following message).
Today there was a buy recommendation by Hancock:
>>>>>> From Dow Jones News Service
Hancock: Ratings Changes, Initiations: ITRI OREM CDTS
These are the latest ratings changes and initiations from Hancock Institutional Equity Services.
Itron Inc. Analyst Michael Shea initiated
(ITRI) coverage with buy rating; Shea's
12-month price target is 60 and
his 1996 earnings estimate is
$1.20/shr.
- -
Oregon Metallurgical Analyst Michael Shea initiated
(OREM) coverage with hold rating; Shea
said stock is likely ahead of
itself in the short run, though
long-term prospects are solid.
- -
Conductus Analyst Gerald Fleming raised
(CDTS) rating to buy from hold; said
sizable market opportunities
emerging in wireless commmunication
and medical systems give shares
new appeal.
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