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Technology Stocks : Comverse Technology

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To: NotNeiderhoffer who wrote (989)1/28/2000 1:47:00 PM
From: Mark Ambrose  Read Replies (2) of 1331
 
(For the record): RESEARCH ALERT - Comverse target boosted

biz.yahoo.com

Friday January 28, 11:54 am Eastern Time

RESEARCH ALERT - Comverse target boosted

NEW YORK, Jan 28 (Reuters) - Lehman Bros. analyst Tim Luke raised his price target on wireless messaging company Comverse Technology Inc. (NasdaqNM:CMVT - news) Friday to $175 from $150.

-- reiterated strong buy rating.

-- sees company topping Lehman forecasts when it reports fourth-quarter results in first week of March.

-- ``We believe that Comverse continues to see extremely strong business trends.'

-- shares up 10-7/8 at 147-3/8.
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