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Technology Stocks : ELECTROGLAS -- How far can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (682)	7/23/1999 11:48:00 AM
From: Raymund W	Read Replies (1) \| Respond to of 1070

Here's the complete article. Good news, of course. Nice revisions of earnings. Friday July 23, 11:17 am Eastern Time RESEARCH ALERT - Electrogas price target raised NEW YORK, July 23 (Reuters) - Credit Suisse First Boston analyst Kathryn Buergert said Friday she raised her price target for Electroglas Inc. (Nasdaq:EGLS - news) to $25 from $20. -- Buergert raised her rating after the company reported a second quarter net profit of $1.0 million over a loss of $5.1 million in the year-ago period. -- Electroglas shipments and margins topped CSFB forecasts. -- Buergert is raising 1999 estimate to loss of $0.09 from loss of $0.33, and 2000 estimate to profit of $0.92 from profit of $0.75. -- Shares of Electroglas were trading at $19.875, unchanged from Thursday's closing price. Copyright © 1999 Reuters Limited. All rights reserved.