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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Stoctrash who wrote (2998)10/27/1999 11:10:00 AM
From: Bob Kim   of 6531
 
Why did ML tout CNXT today and not BRCM...or did they push BRCM too??

To confuse their clients?

As of yesterday's close CNXT had 6% upside potential to its $87 price target, meaning it should be rated Neutral at ML. BRCM had 57%.

The other touts (and the omitted info):

GALT: ML lowered its price target last week from $32.50 to $26.50
TXCC: ML lowered its price target last week from $69 to $53
PMCS: ML recently "raised" its price target from $90 to $105 before realizing that it had already been raised to $120 a couple months earlier. Eventually they "raised" it back to $120.
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