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 : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Getman who wrote (341)	2/13/1998 11:01:00 PM
From: Stu Bishop	Read Replies (2) \| Respond to of 1214

Paul, re: "because Morgan had set a one-year target of $38, which PRIA reached yesterday". NEW YORK, Feb 13 (Reuters) - Morgan Stanley Dean Witter said it lowered its rating on PRI Automation Inc to outperform from strong buy because the stock hit Morgan's target price faster than expected. -- But Morgan said it remains extremely bullish on PRI's long-term fundamental potential. -- PRI was seen experiencing superior five-year revenue and earnings growth compared with the average equipment supplier. -- The target price was raised to $46 from $38. -- PRI was off 1/8 at 36-7/8 in morning trading. ((-- Wall Street Desk, 212-859-1756)) REUTERS Later. Stu B.