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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?


To: Gary Yerman who wrote (532)4/20/1998 10:57:00 PM
From: Gary Yerman  Read Replies (1) | Respond to of 652
 
Just thought I would pass this on, sorry I forgot earlier.
BancAmerica Robertson Stephens research analyst Steven DeLuca initiated coverage
on BARRINGER TECHNOLOGIES INC with a Buy rating and 12-month target
price of $22. We estimate the opportunity for Barringer in aviation security alone is
approximately $500 million. In addition, to this business, Barringer has large
opportunities in drug interdiction (the U.S. government spent $1.4 billion in FY 96
alone on this effort) and also in markets ranging from other transport security, facilities
protection, forensics, military, corrections, customs and law enforcement," said
DeLuca. DeLuca introduced his 1998 and 1999 EPS estimates of $0.65 and $0.85,
respectively. (PR Newswire 12:03 PM ET 04/20/98) For the full text story, see full
story