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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?


To: Jan Crawley who wrote (591)6/26/1998 12:22:00 PM
From: James Yu  Respond to of 3187
 
Jan Crawley,

I am glad to see one of the brokage firms, Parker Financial, to upgrade CPU to start at "Buy" with 12-month price target of $26 per share this morning. The upgrade reasons:
1. Recent acquisition of major competitor, Computer City, and new product releases should lead to cost reductions, increased revenues and higher margins going forward.
2. Windows 98 is also being met with higher than expected consumer demand.

Best wishes

James