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Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Nancy Haft who wrote (35)	1/28/2000 2:24:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

[ING Barings raises price target on CEL to $22 from $18.] ING Barings analyst Jeannette Baez states: ``We think the company remains an important play on growth in Mexican telecoms at an attractive price and continue to see a good value in this name,' she wrote in a report. +++Full Story: Friday January 28, 1:34 pm Eastern Time ADR Report - Latin American market highlights - Jan. 28 By Ian Simpson NEW YORK, Jan 28 (Reuters) - Latin American ADRs were softer Friday, weighed down by worries about higher U.S. interest rates. Traders in ADRS -- American Depositary Receipts -- said the Latin American issues were down in sympathy as Wall Street slipped on rate jitters. ``It's nasty and it's nasty because the U.S. doesn't look so good,' a dealer said. The Bank of New York's index of Latin American ADRs (^BKLATAM - news) was down 2 percent. The gauge has fallen 6 percent since Jan. 18 but is up 39 percent since mid-October. Traders said rate fears stemmed from a government report Friday showing that the fourth-quarter U.S. employment cost index rose more than expected. The numbers showed the economy was growing faster than forecast. They raised concerns that Federal Reserve would boost rates to curb possible inflation when its policy-making panel meets Tuesday and Wednesday. Here are some highlights among Latin American market ADRs: * * * BRAZIL - Umbrella telephone ADR Telebras (NYSE:TBH - news) was down 5-7/8 at 131-1/8 in composite trade. * * * MEXICO - Bellwether Telefonos de Mexico (NYSE:TMX - news) dipped 3 to 109-3/16. ING Barings analyst Jeannette Baez raised her price target on telephone company Grupo Iusacell (NYSE:CEL - news) to $22 from $18. ``We think the company remains an important play on growth in Mexican telecoms at an attractive price and continue to see a good value in this name,' she wrote in a report. The stock was off 1/4 at 15-5/8. * * * PERU - Salomon Smith Barney analyst Mauricio Revaco raised his rating on Southern Peru Copper Corp. (NYSE:PCU - news) to outperform. He set a new 12-month price target of $21.30. The upgrade was based on optimism about rising prices for copper. Southern Peru was down 1/8 at 16-1/2. * * * ARGENTINA - Brent Erensel, an analyst with Deutsche Bank, said Banco Rio de la Plata's (NYSE:BRS - news) fourth-quarter earnings were in line with forecasts. In a report, he added that the bank's fundamentals remained strong. Banco Rio reported earnings Thursday of $0.20 per ADR. The ADRs were off 3/16 to 12-3/16.