Broker initiates buy & target of $40-60 in 18-24 mos. This might explain some of the movement in the next few days...
From PWNewswire:
DENVER, April 5 /PRNewswire/ -- Online System Services issued the
following:
J.C. Simbana and Steve Wing, research analysts with American Fronteer,have initiated research coverage of Online System Services (Nasdaq: WEBB) with a buy recommendation and an 18-24 month price target of 40-60. Mr. Simbana commented, "WEBB has far and away the most attractive valuation and business model relative to its peer group in the internet sector. At our upper price target of $60, its market cap would still remain a fraction of Geo-cities, The Globe.Com, C-Net, etc. Finally, we are quite impressed with the superb team they have attracted, and the cutting edge products that differentiate them from a rather sparsely competitive environment."
American Fronteer Financial Corporation (AFFC) was incorporated in 1974 to engage in the retail stock brokerage business in the Rocky Mountain Area of the United States. AFFC is a registered broker/dealer with the Securities and Exchange Commission (SEC), is a member of the National Association of Securities Dealers, Inc. (NASD) (CRD number 1398) and the Boston Exchange, is an associate member of the American Stock Exchange, and is registered as a securities broker/dealer in all 50 states with approximately 150 account executives with offices in Albany, NY, Atlanta, GA, Chicago, IL, Colorado Springs, CO, Dallas, TX, Kansas City, MO, Las Vegas, NV, New Orleans, LA, New York, NY, San Francisco, CA and West Palm Beach, Fl. AFFC is a member of the Securities Investor Protection Corporation (SIPC) and other regulatory and trade organizations. AFFC and certain of its subsidiaries are also licensed to sell insurance products in certain states. AFFC's business consists of providing retail securities brokerage and investment services, trading fixed income and equity securities, providing investment banking services to corporate and municipal clients, managing and participating in underwriting corporate and municipal securities, and selling a range of professionally managed mutual funds and insurance products.
CONTACT: J.C. Simbana, Research Analyst, or Steve Wing, Research Analyst, both of American Fronteer, 800-777-1717; or Elizabeth Kosztolnyik, Director of Marketing Communications of Online System Services, 800-339-9271.
|
