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To: Ahmad Sinno who wrote (2416)4/27/1998 10:15:00 AM
From: dougjn  Respond to of 11568
 
3/16/98 But I think that's the wrong way to view such targets. What he's doing is looking at 12 month forward earnings, and a peak market valuation of those earnings.

My guess is whenever the market is near term peaking POST merger.

BTW, Merrill raised its target to 63 this am according to CNBC. Bad day to do it. Lost in the interest rate worries noise.

Doug