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Politics : Formerly About Applied Materials
AMAT 304.87-0.8%10:17 AM EST
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To: Sam Citron who wrote (62336)3/25/2002 7:32:49 PM
From: Cary Salsberg  Read Replies (2) of 70976
 
I hate these analysts. They raised the 12 month target without any explanation other than the 78% gibberish which would imply a $90 target instead of the stated $75, or $78 (I read both in news blurbs).

What they really wanted to say was, "Gee, our 12 month target for AMAT is $50 and today the price is $52. We should do something. Well, we are at the beginning of an upturn, so we will raise it. We like it, so how about almost 50%? Only if we accompany the raise with lots of hand waving and gibberish!"
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