Sal--
The only ones I know of are Volpe Welty and Oppenheimer, but there may be more; haven't talked with my broker since early in the session.
Volpe gave as its reasons "higher cost of sales, marketing, and interest". Their 12-month price target is $109, and they expect the company to earn $4.36 in '98 (I may have that wrong and I'm not gonna go back and look, but it's somewhere in the ballpark). Seriously, how on earth do they arrive at such odd figures, especially for something as potentially volatile as stock price? Why not $110?
I know, I know, you plug what figures you have into the computer, and bingo!
Janice |
