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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (1393)2/11/1999 10:08:00 AM
From: Grommit  Read Replies (1) | Respond to of 1999
 
Thanks for the link --

But I think he should have said that the target price is a 24 month target, not a 12 month target. Their target is based on FY00 EPS. If achieved -- that will be 24 months from now. Then with a trailing PE of 22, the price would be $30.

................
Bankers Trust Research/BT Alex. Brown Research
Brian Modoff,Ian Toll
February 10, 1999

HIGHLIGHTS:
--We are upgrading Brightpoint, Inc. to "strong buy" with a 12-month price target of $30 (22x our FY00 estimate of $1.35).