Sunglass Hut RAYS- Will it ever breakout? Message Board

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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: Steven Angelil who wrote (747)	1/14/1998 12:47:00 PM
From: TScott	Read Replies (1) of 971

RESEARCH ALERT-Gruntal starts Sunglass Hut CHICAGO, Jan 14 (Reuters) - Gruntal & Co said Wednesday it initiated coverage of Sunglass Hut International Inc (RAYS.O) with a strong buy rating. -- Expects "significant" earnings rebound and expects company can sustain 15-20 percent annual earnings per share growth. -- Has 12-month share price target of $9. -- Estimates 1997 earnings of $0.16 and 1998 of $0.44. -- Stock was up 3/16 at 6-3/16. REUTERS Rtr 12:40 01-14-98

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