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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (17164)	6/10/2003 10:07:16 AM
From: Bob Rudd	Read Replies (2) of 78750

URS: Back in .40 below prior sale due to positive Lehman report shining light on the story...there was nothing really 'NEW' revealed just higher visibility from the coverage. Breifing: 8:31AM URS Corporation initiated with Overweight at Lehman; target $24 (URS) 16.76: Lehman initiates coverage on URS with an Overweight rating and $24 target, saying the following factors set the stage for a stock price recovery: a transforming defense acquisition, new opportunities in homeland security and in rebuilding lower Manhattan, a gradual recovery in state/local business, and low valuation of 6.3x EBITDA and 9.4x P/E on CY03.

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