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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/10/2001 12:22:50 PM
From: besttrader   of 37746
 
Global Crossing (GX) 14.36 +0.56: Kaufman Bros initiates coverage with an ACCUMULATE rating and price target of $20; believes company is fairly valued at current levels; suggests accumulating GX shares in anticipation of near-term catalysts: the sale of over one million ILEC lines to Citizens Comms (CZN) for $3.5 bln pretax; the completion of GX's 100,000-route mile network by year-end 2001, which firm believes positions GX as a category killer provider of all-optical bandwidth to enterprise and carrier customers; and the proliferation of metro loops and value-added, IP-based service delivery platforms.

Best Buy (BBY) 55.10 +2.25: Janney Mntgmy Scott initiates coverage with an ACCUMULATE and a 12-month target price of $61; says Best Buy is positioned to benefit from the strong growth in digital products and from the next product cycle in video games; also company will be going up against easier comparisons in the back half of year, when business is likely to accelerate.
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