Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ESLTF (Elbit Systems Ltd) an Israelian arms manufacturer -- Ignore unavailable to you. Want to Upgrade?

To: Ronald Kronemann who wrote (20)	11/12/1997 10:58:00 AM
From: Ronald Kronemann	Respond to of 45

Salomon Brothers started coverage on shares of Elbit Systems Ltd with a buy rating. NEW YORK, Nov 12 (Reuters) - Salomon Brothers said on Wednesday it started coverage on shares of Elbit Systems Ltd with a buy rating. -- Analyst George Shapiro sees Elbit's revenues growing at a 13.5 percent compound annual rate over the next three years. -- Company should benefit from 160 basis points of operating margin expansion over the next three years as it starts to reap the rewards of its research and development investment, Shapiro said in a research note. -- Elbit should be a participant in the likely consolidation of Israeli defense industry, he said.

To: Ronald Kronemann who wrote (20)	11/12/1997 10:59:00 AM
From: Ronald Kronemann	Read Replies (1) \| Respond to of 45

Solid reiterated its buy recommendation for Elbit. TEL AVIV, Nov 12 (Reuters) - Solid Financial Markets raised its 1997 and 1998 earnings per share estimates for Elbit Systems Ltd (Nasdaq:ESLTF - news)and increased its 12-month target price for the shares to $17-$18 from $15-$17. The shares on Nasdaq are currently at $12-1/4. Solid raised its 1997 estimate to $0.92 from $0.91 and its 1998 estimate to $1.06 from $1.03. ''The worldwide decline in budget expenditures for armaments is favouring Elbit's product line, i.e. the upgrading of existing defence equipment,'' Solid said in a report. ''We believe that the company has a significant upside potential in the long run and expect the company to continue its growth path.'' Solid said its revenue estimates of $365 million in 1997 and $405 million in 1998 do not include potentially very large contracts in Poland. Solid reiterated its buy recommendation for Elbit.