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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (41139)4/28/2004 10:32:29 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 69835
 
09:36 AUO AU Optronics target raised to $45 at CIBC (25.02 -0.08)

CIBC raises their target on AUO to $45 from $30 and recommends the stock on post-call weakness; firm thinks AUO could enjoy multiple expansion ahead of expected robust 2H04 seasonality and accelerating demand for LCD TVs from low levels of penetration. Maintains Outperform rating.