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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)
BRCD 12.730.0%Nov 20 4:00 PM EST

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To: Mohan Marette who started this subject1/6/2004 7:57:47 AM
From: manny t  Read Replies (1) of 1583
 
07:10 ET BRCD upgraded at Lehman 6.31: Lehman upgrades Brocade to Overweight from Equal-Weight and raises their target to $7.50 from $6, as firm believes that sentiment is overly pessimistic, revenues are poised to accelerate, margins should expand, and a number of catalysts (new product cycle, increased mgmt visibility) should emerge to drive the stock higher.
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