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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: robb3267 who wrote (1719)8/1/2005 9:12:59 AM
From: Proud_Infidel   of 1929
 
RESEARCH ALERT-Lehman raises Varian Semi to "overweight"
Mon Aug 1, 2005 09:08 AM ET

NEW YORK, Aug 1 (Reuters) - Lehman Brothers on Monday raised its investment rating on Varian Semiconductor Equipment Associates Inc. (VSEA.O: Quote, Profile, Research) to "overweight" from "equal-weight," saying the company was its top pick among chip equipment makers.

Reasons for the upgrade included better-than-industry average growth prospects that are driven by market share gains, solid earnings leverage and strong cash generation, the firm wrote in a note to clients.
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