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Technology Stocks : Compaq
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To: rupert1 who wrote (45809)1/28/1999 8:01:00 AM
From: rupert1  Read Replies (2) of 97611
 
Technically, the DLJ re-rating from TOP PICK to BUY was a downgrade. But only of the most special kind. A TOP PICK is given not only to a BUY but to a BUY which is grossly undervalued relative to the market and to its future earnings. The adjustment to a plain BUY means that it is no longer grossly undervalued, now that it has moved from the mid 30's to the high 40's. But a BUY still means a BUY based on future earnings.
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