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Technology Stocks : Hercules HPC

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To: jim who wrote (7)2/12/2000 10:29:00 AM
From: Big Dog  Read Replies (1) of 21
 
RESEARCH ALERT - Warburg ups Hercules

NEW YORK, Feb 11 (Reuters) - Warburg Dillon Read on Friday raised chemicals firm Hercules Inc. (NYSE:HPC - news) to strong buy from hold and set a 12-month share price target of $26.

Analyst Toby Williams said believes the valuations at the current share price more than justify the current business risks.

-- said the current high level of debt to market capitalization provides high leverage to moderate improvements in operating profit, representing substantial potential capital appreciation in continued strong economic growth.

-- added it may be moving into an operating environment more conducive to price stability and operating outlook is improving.

-- Shares in Hercules were trading up 1/2 at 17-1/2 on the New York Stock Exchange early Friday, against a year high of 40-11/16 and a year low of 16-5/16.
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