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Non-Tech : Amresco [AMMB] -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (77)	3/22/1999 9:30:00 AM
From: TraderGreg	Read Replies (1) \| Respond to of 218

We have another upgrade: Ameri-First Securities Upgrades Its Rating of AMRESCO to Buy DALLAS, March 22 /PRNewswire/ -- The following is being issued by Ameri-First Securities, a member of the National Association of Securities Dealers, CRD number 45289: Ameri-First Securities upgraded its rating of AMRESCO (Nasdaq: AMMB - news) to Buy from accumulate. Ameri-First noted that AMRESCO remains undervalued selling at 6.2 times earnings projected for 1999, which are based on expected growth in the Company's franchise lending unit Amresco Commercial Lending Corp., and recently acquired Mortgage Investors Corp., one of the country's largest VA mortgage refinancing firms. Ameri-First increased its 1999 price target to $15.00 from $12.00 per share and has a 1999 earnings estimate of $1.45 per share.