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Technology Stocks : Alcatel Telecom (ALA)

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To: dougjn who wrote (64)4/3/1998 9:24:00 AM
From: Dave  Read Replies (1) of 285
 
biz.yahoo.com

Friday April 3, 5:05 am Eastern Time

RESEARCH ALERT-Morgan Stanley ups Alcatel

LONDON, April 3 (Reuters) - Morgan Stanley said on Friday it had raised its share price target for French telecoms and
cable company Alcatel to 1,425 francs from 1,250 and retained its ''strong buy'' recommendation on the stock.

Morgan said the upward revision of the target reflected Alcatel's strong position in the telecoms equipment market and the
stock's cheap rating relative to shares in Lucent Technologies Inc (LU - news) of the United States.
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