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To: JeanD who wrote (48688)	4/12/2002 8:45:38 AM
From: SusieQ1065	Respond to of 208838

a downgrade on SCHL, it's at top of it's trading range. 08:37 ET SCHL Scholastic Corp cut to Hold by Pru on valuation (56.40) Prudential downgrades to HOLD from Buy as stock price exceeds firm's $56 price target. While downgrade is based on valuation, firm acknowledges some uncertainty exists regarding, at a minimum, the timing of the release of Harry Potter Book V. Firm's interest in SCHL's shares could be renewed if the Harry Potter-induced earnings volatility were reduced, perhaps through a multi-book contract with Ms. Rowling.