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Technology Stocks : Barringer technology (barr)

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To: Gary Yerman who wrote (532)	4/20/1998 10:57:00 PM
From: Gary Yerman	Read Replies (1) of 652

Just thought I would pass this on, sorry I forgot earlier. BancAmerica Robertson Stephens research analyst Steven DeLuca initiated coverage on BARRINGER TECHNOLOGIES INC with a Buy rating and 12-month target price of $22. We estimate the opportunity for Barringer in aviation security alone is approximately $500 million. In addition, to this business, Barringer has large opportunities in drug interdiction (the U.S. government spent $1.4 billion in FY 96 alone on this effort) and also in markets ranging from other transport security, facilities protection, forensics, military, corrections, customs and law enforcement," said DeLuca. DeLuca introduced his 1998 and 1999 EPS estimates of $0.65 and $0.85, respectively. (PR Newswire 12:03 PM ET 04/20/98) For the full text story, see full story

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