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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (44282)	1/22/1999 10:31:00 AM
From: MythMan	Read Replies (2) \| Respond to of 132070

that is interesting because Merrill had this to say yesterday.... >>Thursday January 21, 9:14 am Eastern Time RESEARCH ALERT - Merrill raises IBM price target NEW YORK, Jan 21 (Reuters) - Merrill Lynch analyst Steven Milunovich raised his 12-month price target for International Business Machines Corp. (NYSE:IBM - news) shares to $240 from $220, a market source said Thursday. A research report by the analyst, obtained by Reuters, specified the new target. Earlier, a market source revealed the new number to Reuters. ''We expect IBM to meet or beat our Q4 earnings per share estimate of $2.45,'' the report said. The new target is based on 31.4 times Merrill's 1999 earnings estimate for IBM of $7.65 per share. The brokerage firm's recommendation on IBM is unchanged at near- and long-term buy. IBM is scheduled to report results for the 1998 year and fourth quarter on Thursday. IBM shares finished regular New York Stock Exchange trade Wednesday at 194-3/16.<<