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Technology Stocks : Newbridge Networks

NN 14.52

+6.1%

Dec 3 3:59 PM EST

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To: Glenn McDougall who wrote (3725)	3/17/1998 9:38:00 AM
From: Claude Robitaille	Read Replies (1) of 18016

Post says Levesque analyst has $47 target Newbridge Networks Corporation NNC Shares issued 173,670,862 Mar 16 close $41.90 Tue 17 Mar 98 In the News The Financial Post reports in its Tuesday edition that shares of Newbridge Networks rose $1.95 to $41.90 on the Toronto Stock Exchange on Monday, on volume of one million shares. Market Action columnist Ian Karleff notes that analysts are painting a rosier picture for the Kanata, Ontario-based networking company's shares, which slipped to a 52-week low of $27 on February 3. Levesque Beaubien Geoffrion analyst Benoit Chotard raised his rating on the stock to "buy" from "hold" and boosted his 12-month target price to $47. He says Newbridge will unveil major new contracts in the next 12 months. His bullish sentiments follow a March 12 upgrade to "buy" from "market perform" by analyst Michael Gordon at BT Alex Brown. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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