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Technology Stocks : TECD - Tech Data -- Ignore unavailable to you. Want to Upgrade?

To: kenyshoe who wrote (434)	2/5/1999 11:11:00 AM
From: Syl98	Respond to of 584

Friday February 5, 10:31 am Eastern Time RESEARCH ALERT-CHS, Ingram, Tech Data started NEW YORK, Feb 5 (Reuters) - Credit Suisse First Boston on Friday said analyst Joel Pitt initiated coverage of computer peripheral sellers CHS Electronics Inc. (NYSE:HS - news), Ingram Micro Inc. (NYSE:IM - news) and Tech Data Corp. (Nasdaq:TECD - news), all with buy ratings. -- Pitt said that despite challenge of direct PC sales and Internet, revenues from the distributor channel are projected to grow faster than personal computer/information technology (PC/IT) market as a whole. -- he set a $42 a share price target for Ingram Micro. -- set a $30 target for Tech Data, and notes that current low price creates a buying opportunity. -- aggressive pricing will drive top line growth strengthening long run position. -- set a $28 target on CHS Electronics. -- Tech Data rose 11/16 to 22-13/16 on Friday morning. -- Ingram rose one to 29-1/4. -- CHS rose 7/16 to 13-9/16.