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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: robert b furman who wrote (3392)11/27/2002 1:03:14 PM
From: Proud_Infidel   of 3813
 
Another after-the-fact call:

RESEARCH ALERT-Morgan Stanley raises Novellus price target
Wednesday November 27, 12:01 pm ET

NEW YORK, Nov 27 (Reuters) - Morgan Stanley said on Wednesday it has raised its price target on Novellus Systems Inc. (NasdaqNM:NVLS - News) to $40 from $27 after the company repeated its revenue and earnings outlook for the current quarter and said bookings had improved from its previous forecast.
Shares in Novellus, which makes equipment used in semiconductor production, closed on Tuesday at $34.48 on Nasdaq.
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