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Non-Tech : Invest / LTD

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To: SJS who wrote (13878)9/8/2000 9:57:14 AM
From: The Ox  Read Replies (1) of 14427
 
SFAM and CAMP getting slapped.

CSFB raises ACT manufacturing 12-mos target to $85

FRIDAY, SEPTEMBER 8, 2000 8:47:00 AM EST

NEW YORK, Sept 8 (Reuters) - Credit Suisse First Boston said on Friday it raised its 12-month price target on ACT Manufacturing Inc. ACTM to
$85 from $70-$73.

-- Analyst Herve Francois reiterated the stock's "strong buy" rating, and also raised his per-share estimate of the electronics manufacturer's 2001
earnings to $3.35 from $2.90. His 2000 estimate remains $1.88.

-- Francois said the revisions were a response to a conference call in which the Hudson, Mass.-based company discussed the impact of its
acquisitions of GSS Array and Bull Electronics Angers.

-- Shares of ACT closed at $56-1/4 in Nasdaq trading on Thursday, near the top of their 52-week range of $58-11/16 to $19-15/16.

Rtr 08:47 09-08-00

Selector Code: reuco

Copyright 2000, Reuters News Service
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