Ascend Communications-News Only!!! (ASND) Message Board

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Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 201.08

+2.6%

Nov 11 3:59 PM EST

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To: H. Wai who wrote (1264)	3/6/1998 10:27:00 AM
From: Narotham Reddy	Read Replies (1) of 1629

Everen Securities Upgrades Ascend Friday March 6, 9:59 am Eastern Time RESEARCH ALERT-EVEREN upgrades Ascend CHICAGO, March 6 (Reuters) - EVEREN Securities said Friday it raised its intermediate term rating on Ascend Communications Inc to outperform from market perform and maintained its long term outperform rating. -- Says increased confidence in company's ability to show sequential EPS improvement as well as its ability to achieve fourth quarter earnings in line with expectations suggests momentum can continue. -- Says new price targets of $37 intermediate term and $43 long term reflect higher premium to S&P 500 index.

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