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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (66376)	10/19/1999 8:51:00 AM
From: thebeach	Read Replies (2) of 90042

Tuesday October 19, 8:30 am Eastern Time RESEARCH ALERT-Lucent raised to strong buy NEW YORK, Oct 19 (Reuters) - Warburg Dillon Read raised its rating on Lucent Technologies Inc. (NYSE:LU - news) to strong buy from buy, the investment firm said on Tuesday. -- The price target remains at $82, based on a multiple of 50 against calendar 2000 earnings per share estimates of $1.65. -- The recent weakness in the stock amid investor concerns about the September quarter and the fundamental outlook for the company is unwarranted and creates a buying opportunity. -- said Lucent could exceed Warburg's estimate of $0.27 a share and report $0.29 when it releases its earnings on Oct. 26.

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