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To: Donald Wennerstrom who wrote (22507)3/29/2005 3:14:07 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95748
 
Cymer initiated with "buy"

Tuesday, March 29, 2005 10:32:26 AM ET
Legg Mason

<<NEW YORK, March 29 (newratings.com) - Analyst Patrick Ho of Legg Mason initiates coverage of Cymer Inc (CYMI.NAS) with a "buy" rating. The 12-month target price is set to $34.

In a research note published this morning, the analyst mentions that the company's leading position in the laser market is expected to continue in the foreseeable future. Cymer's recent strategic decisions and its improving manufacturing yields are expected to drive the company's margins during the forthcoming upturn cycle in the industry, the analyst says. The company's stock is attractively valued at present, Legg Mason adds.>>