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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: JHC44 who wrote (47321)5/21/1998 9:25:00 AM
From: gbh  Respond to of 61433
 
Morgan Stanley raised its price target from 45-50 to 55. Real brilliant when the stock is at 47! Duhhhh. And these guys get paid for this.

Uhh, yes. Initial price target was reached. Obviously the've been speaking to management about future guidance, and feel comfortable. They could have just as easily put out a HOLD on "fully valued" grounds.



To: JHC44 who wrote (47321)5/21/1998 9:29:00 AM
From: Peter Yang  Read Replies (2) | Respond to of 61433
 
>>Morgan Stanley raised its price target from 45-50 to 55. Real brilliant when the stock is at 47! <<

So the upside potential is about 17% and less than 20%. What is the downside risk? If take $30 as the bottom, it's 37%. If take the recent low of 22 as the bottom, it's 53%. Those analysts are really smart and they always upgrade at the top.


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