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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Night Writer who wrote (79561)3/15/2000 10:34:00 AM
From: Lynn  Read Replies (1) | Respond to of 97611
 
RESEARCH ALERT -Banc of America ups Compaq

NEW YORK, March 15 (Reuters) - Banc of
America said analyst Kurt King raised his rating on Compaq Computer Corp.
on Wednesday to strong buy from buy.

-- boosted price target to $45 from $40.

-- said stock could trade in $50-$60 range this year if management delivered
on its long-term growth and margin targets.

-- ``We'd look through the current quarter and buy now. The positive outlook
for the longer-term isn't likely to change' because of first-quarter results.

-- boosted 2001 earnings-per-share (EPS) outlook to $1.60 from $1.50.

-- kept 2000 EPS forecast view at $1.15.
-- Compaq up 1-9/16 at 30-5/8.

biz.yahoo.com

Lynn