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Technology Stocks : Newbridge Networks

NN 14.32

+1.1%

Jan 9 9:30 AM EST

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To: Thomas Scharf who wrote (2349)	11/3/1997 1:32:00 PM
From: Jeffrey L. Henken	Read Replies (2) of 18016

J.P. Morgan said it raised its rating on shares of NEWBRIDGE NETWORKS CORP. (up 3-11/16 at 56-11/16 @ 12:40 p.m. ET) to buy from a long-term buy. Analyst William Rabin said its 12-month price target was $70 per share. Rabin raised his 1998 earnings estimate to $1.34 per share from $1.30 per share and his 1999 earnings estimate to $1.89 per share from $1.88 per share. For the full text story, see infobeat.com

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