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Microcap & Penny Stocks : AppNet Systems, Inc. (APNT)
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To: DAY TRADER who wrote (63)7/13/1999 1:23:00 PM
From: SCOOBEY-DO  Read Replies (1) of 232
 
July 13, 1999 09:06

RESEARCH ALERT - Viant , AppNet started

NEW YORK, July 13 (Reuters) - Credit Suisse First Boston analyst Mark Wolfenberger started coverage of electronic commerce company AppNet Systems Inc. and Internet service provider Viant Corp. Tuesday with buy ratings.

-- In a report, he set a $35 six-month price target on the AppNet shares.

-- Wolfenberger called AppNet the "only pure end-to-end e-commerce provider from front-end design through transaction outsourcing."

-- He also started coverage of Internet service provider Viant Corp. with a buy rating, setting a $45 year-end price target on the shares.

-- The "stock's recent run leaves valuation rich but upside to numbers and price target significant," Wolfenberger said.

-- Goldman Sachs started coverage of Viant with a rating of market outperformer, a market source said.

-- AppNet slipped 13/16 to 19-1/2. Viant fell 2-7/8 to 35-1/8. ((-- Wall Street desk, (212) 859-1730))
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