Nuevo Grupo Iusacell (CEL) Message Board

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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: Rob Preuss who wrote (36)	1/28/2000 3:02:00 PM
From: Rob Preuss	Read Replies (1) of 206

Friday January 28, 2:46 pm Eastern Time RESEARCH ALERT - Iusacell target raised MEXICO CITY, Jan 28 (Reuters) - ING Barings said on Friday analyst Jeannette Baez raised her 12-month price target on Mexican cellular firm Nuevo Grupo Iusacell to $22 from $18, with a buy rating on the stock. -- Said in a research report that despite the stock's outperformance in 1999 and year-to-date, ``we continue to see good value in this name - the company remains an important play on growth in Mexican telecoms at a very attractive price.' -- Iusacell's American Depositary Receipts were up 1/8 to 16 in U.S. trading. -- On the Mexico City bolsa, its shares were not trading early on Friday. They last closed at 15.50 pesos.

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