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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (12334)2/5/1999 2:34:00 PM
From: Jerry S.  Read Replies (1) of 90042
 
HS upgraded today - It's a screaming buy, imo (News inside)

RESEARCH ALERT-CHS, Ingram, Tech Data started
NEW YORK, Feb 5 (Reuters) - Credit Suisse First Boston on Friday said analyst Joel Pitt initiated coverage of computer peripheral sellers CHS Electronics Inc. (NYSE:HS - news), Ingram Micro Inc. (NYSE:IM - news) and Tech Data Corp. (Nasdaq:TECD - news), all with buy ratings.

-- Pitt said that despite challenge of direct PC sales and Internet, revenues from the distributor channel are projected to grow faster than personal computer/information technology (PC/IT) market as a whole.

-- he set a $42 a share price target for Ingram Micro.

-- set a $30 target for Tech Data, and notes that current low price creates a buying opportunity.

-- aggressive pricing will drive top line growth strengthening long run position.

-- set a $28 target on CHS Electronics.
-- Tech Data rose 11/16 to 22-13/16 on Friday morning.
-- Ingram rose one to 29-1/4.
-- CHS rose 7/16 to 13-9/16.


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