Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote ()	12/23/1999 12:34:00 PM
From: Stcgg	Read Replies (1) of 108040

REMC Raised to $40.. Remec Upgraded To Strong Buy, $40 Target By Dain Rauscher (REMC) (NewsTraders.com) -- Remec Inc. (REMC) received an investment rating promotion from Dain Rauscher Wessels analyst Jim Moeller to "strong buy" from "buy" and a price target boost to $40 from $26, based on the company's strategic supply deal with SpectraPoint. According to Moeller, the agreement gives Remec a "dramatically improved outlook," as it is estimated to be worth at least $150 million over the three-year period inked in the deal. The analyst said that his investment thesis in Remec will probably change from a "recovery style" premise to a "growth" premise, and he predicted that the company's trading multiple will reflect that growth. Shares of San Diego's Remec, which provides microwave and millimeter wave subsystems, modules and components, recently rose $0.06 to $21.06. >><<

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