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Technology Stocks : Ascend Communications (ASND)
ASND 196.81-4.9%Dec 9 3:59 PM EST
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To: Darren who wrote (46416)5/9/1998 1:08:00 PM
From: Gary Wisdom   of 61433
 
This from last week's Barron's (May 04). Note the price target.

Ascend Communications (ASND-NNM)
by UBS Securities (39 13/16, April 13)
Buy. Ascend reported first-quarter 1999 EPS of 26 cents, exceeding our
estimate of 25 cents, which was also the Street's. Our year-end price target is $45, although we believe the stock could exceed our target if takeover speculation increases.

Ok, UBS. It hit $45 in less than a month. Time to update your targets? And, why weren't you recommmending this stock at $22? Anyone seen cojones on an analyst anytime in the last year?
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