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Strategies & Market Trends : Wall Street Analysts

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To: Patsy Collins who started this subject1/29/2002 11:38:29 AM
From: Marty Rubin  Read Replies (1) of 167
 
Did anyone notice analysts' stench defense of Tyco (TYC)? I guess the more M&A a company has, the more likely their stock is puffed. I don't know if it'll work this second time (1st time was when a short analyst/investor questioned its books, insisting that he nevertheless has no short position).

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Here's one from MRL (Briefing.com):

10:45AM Tyco defended by Merrill (TYC) 36.58 -5.42 (-12.9%): -- Update -- In reference to the 10:35 comment on Merrill Lynch's defense of TYC, the firm says that the co's fundamental outlook remains on track and that the break-up is expected to create value as the process occurs; the sale of a major asset (such as CIT) could be a catalyst to help overcome some of the mkt's concerns.

10:35AM Tyco defended by Merrill (TYC) 37.05 -4.95 (-11.8%): -- Update -- Merrill Lynch is out defending TYC, saying that investors should buy on weakness.

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Stock touched $34 and now @ $35, -7. Should be interesting to follow.
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