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


To: Art Baeckel who wrote (2992)10/18/2000 9:36:20 AM
From: The Ox  Respond to of 3813
 
On July 18, UBS Warburg pounded the table with their strong buy reiteration. Of course at that time they had a $78 target on it. It's very humorous that today they come out and have a $27 target, with a HOLD rating. Why would anyone hold the stock when their target is 3 dollars LOWER than today's price. Shouldn't this rate a sell?? Why would anyone HOLD the stock if they were sure that it was going to fall another 10%+?

I'm very surprised that analysts don't have to go to work in armored cars with the BS they spout. How much do they pay these guys<bg>?