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Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

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To: Edward A. Fitzpatrick III who wrote (36)	2/20/1997 7:45:00 AM
From: Peter J. Weiss	of 323

FDC - Bear Stearns is initiating coverage of the computer services industry. They rate FDC an aggressive buy, 12mos target 50, on earnings 96 1.35, 97 1.60, 98 1.92. They see LT growth at 20% at figure a 26 PE i.e. 30% premium to the growth rate is warranted.

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