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Technology Stocks : Redback Networks, Inc. (RBAK) -- Ignore unavailable to you. Want to Upgrade?


To: Wizard who wrote (1257)10/20/1999 10:43:00 AM
From: William F. Wager, Jr.  Respond to of 1956
 
Redback Networks Raised to `Outperform' at Morgan Stanley DW
10/20/99 6:04:00 AM
Source: Bloomberg News

Princeton, New Jersey, Oct. 20 (Bloomberg Data) -- Redback
Networks (RBAK US) was raised to ``outperform' from ``neutral' by
analyst Christopher Depuy at Morgan Stanley Dean Witter. The price
target is $150.00 per share.
************************************************************
The lead underwriter finally gets off the fence where they
have been since their coverage began. They were always
"neutral" because of valuation. Must have seen something in
Q3 results. ;))

--Bill