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Non-Tech : Neff (NFF)
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To: Mark T. Heath who wrote (117)6/8/1999 10:16:00 AM
From: jas cooper  Read Replies (1) of 183
 
Who was the chief underwriter on the IPO?

So, do you think a buyout is in the works, just at a price closer to $14-15?

June 8, 1999 08:44 AM
NEW YORK, June 8 (Reuters) - Morgan Stanley Dean Witter said Tuesday that analyst Steve Volkmann cut Neff Corp NFF to neutral from strong buy, based on price and valuation.

-- "Neff shares have been strong performers recently, up about 150 percent year to date, and are now above Steve's price target of $15," it said.

-- "Neff shares are trading at 24 times his 1999 EPS, the highest P/E among the industry peer group."

-- Shares fell 1-1/4 to 14-1/2 on the New York Stock Exchange on Tuesday morning.

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