Daring prediction from Briefing.com - CPQ target of $45-50 in 12-18 months. The Bear Sterns reiteration and CC not mentioned so suspect it has not had its full impact yet.
_________________________________________
Updated for 17-Mar-99
Liquidity driving indices higher and we see no let up any time soon... Consequently, techs expected to continue exhibiting upside bias over the short-term... Anxieties over earnings also fading, as we are now in the heart of warnings season and, so far, not that many companies have warned... Result, earnings likely to exceed diminished expectations once again... That does not mean we won't experience the ocassional earnings bomb, but any collateral damage now likely to be minimal.
Computer Systems & Peripherals
Apple (AAPL 35 1/2 +1 7/16) released much anticipated new server operating system - MAC OS X... Positive comments from CS First
Boston, which reiterated its buy rating, also gave stock a boost.
Compaq (CPQ 32 1/2 +1 1/8) rallied as bargain hunters finally stepping in... Volume brisk but still below 10-day average... Nevertheless, Briefing.com maintains that CPQ is attractively priced for long-term... 12- to 18-mo target in the 45-50 range.
|
