Tuesday June 8, 9:04 am Eastern Time RESEARCH ALERT - CIBC ups telecommunications firms NEW YORK, June 8 (Reuters) - CIBC World Markets raised its rating on shares of Bell Atlantic Corp. (NYSE:BEL - news), GTE Corp. (NYSE:GTE - news) and Ameritech Corp. (NYSE:AIT - news) to strong buy from hold, a market source said on Tuesday.
-- MCI WorldCom Inc. (Nasdaq:WCOM - news) and SBC Communications (NYSE:SBC - news) raised to strong buy from buy, source said.
-- 12-month price target on WorldCom is $135 while 12-month price target on GTE is $103 a share, source said.
-- Further details not immediately available.
-- Bell Atlantic closed Monday at 55-7/16, GTE at 64-6/16, WorldCom at 91-5/16, Ameritech at 68-7/16, SBC at 54. |