Spanish Broadcasting System Inc-(Nasdaq: SBSA) Message Board

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Technology Stocks : Spanish Broadcasting System Inc-(Nasdaq: SBSA)

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To: PashaBear who wrote (21)	11/4/1999 11:37:00 AM
From: Mohan Marette	of 30

RESEARCH ALERT - Spanish Broadcasting started NEW YORK, Nov 4 (Reuters) - Lehman Bros. said it started coverage of Spanish Broadcasting System Inc. (NasdaqNM:SBSA - news) with a buy rating and a 12 to 18 month price target of $36 to $39 a share. -- Analyst Larry Petrella said, "``We believe Spanish Broadcasting is well-positioned to capitalize on the Hispanic community as the gap between listeners and ad revenues continues to close. The Hispanic market opportunity is above and beyond the already strong growth the radio industry is experiencing.' -- Noted additional revenue and cash flow opportunites through acquisitions in the top U.S. Latino markets where the company does not currently have stations. -- Said the company's LaMusica.com could provide additional upside growth. -- Shares trading at 29, down 1/2 in Nasdaq trading. biz.yahoo.com

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