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Politics : Ask Michael Burke

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To: mishedlo who wrote (88210)	1/10/2001 1:53:27 PM
From: mishedlo	of 132070

From the same group that had RIMM as its big technology "winner" ...... RESEARCH ALERT-JP Morgan Chase a Merrill Focus 1 NEW YORK (Reuters) - Merrill Lynch said on Wednesday it named banking group J.P. Morgan Chase & Co. Inc. (NYSE:JPM - news) a Focus One stock. The 12-month target price is $75. The rating of near- and long-term buy was reiterated. ``The shares appear deeply undervalued when viewed as an emerging global securities play,'' Merrill Lynch said in a report. ``... JPM is emerging among a handful of well-positioned global wholesale intermediaries - non-U.S. business explains over 50 percent of profits.'' The shares closed on Tuesday at $48-11/16.

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