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Technology Stocks : WCOM
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To: John S. Sturges who wrote (2157)2/17/1998 5:28:00 PM
From: Anthony Wong  Read Replies (1) of 11568
 
WorldCom -2: Cowen Sets 12-Mo. Price Target Of 50-55
February 17, 1998
Dow Jones Newswires

NEW YORK -- Cowen & Co. analyst Suzanne Oakley
initiated coverage of WorldCom Inc. (WCOM) with a
strong buy rating.

Cowen & Co. set a 12-month price target of 50 to 55, a
source at the firm said. The shares recently traded at 38
1/16, up 1/8.

WorldCom, of Jackson, Miss., is the nation's
fourth-largest long-distance company. It plans to merge
with MCI Communications Corp. (MCIC), the
second-largest long-distance carrier.
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