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To: Thomas G. Busillo who wrote (47914)8/31/1999 8:42:00 PM
From: Jason Flora  Read Replies (1) | Respond to of 53903
 
As I understood it from Maria's (CNBC) announcement this afternoon the earnings estimate for fiscal yr 2000 had been revised upwards from $1.40 something to $2.50 - at the same time mention was made that Gruntal was reiterating their strong buy rating and their $150 12 month price target. I could be wrong, but I don't believe there was any mention of a $250 price target, and people are confusing it with the $2.50 revised earnings estimate.