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Technology Stocks : FSII - The Worst is Over?

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To: Sparky65 who wrote (1458)9/22/1997 6:27:00 PM
From: Joe Dancy   of 2754
 
Details: NEW YORK, Sept 22 (Reuter) - Piper Jaffray said on Monday it raised its rating on shares of FSI International Inc to a strong buy from buy and raised its 12-month price target to $24 a share from $21 a share.

Analyst Michael Mach said in a research note he believed orders were accelerating and the company was set to book about $100 million in new business in the first quarter of fiscal 1998.

"The company is now well positioned for growth, with world class facilities and technology in each of its three businesses, and $600 million of manufacturing capacity in place," Mach said.

The stock gained 1-1/8 to 19-1/8.

09:38 09-22-97
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