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Technology Stocks : International Rectifier (IRF)
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To: Sans Souci who wrote (1493)8/22/2000 1:17:23 PM
From: JakeStraw  Read Replies (1) of 1712
 
cnetinvestor.com
Banc of America Securities' Richard L. Whittington has raised 12-month price target for INTERNATIONAL RECTIFIER CORPORATION (IRF) from $65 to $80. We're raising estimates based upon stronger than anticipated summertime bookings that both build backlog for the fall and early next year but which also convert into higher near-term results. New high-margin products are sharply advancing mix ASPs, margins continue their recent sharp gains and earnings growth is accelerating. As a result of all these positives, were raising our price target to $80 from $65.
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