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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (14347)	5/14/1999 11:06:00 AM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

RESEARCH ALERT-Primusupped to strong buy NEW YORK, May 14 (Reuters) - Morgan Stanley said on Friday analyst Myles Davis upgraded his rating on Primus Telecommunications Group to strong buy from outperform. -- He raised 12-month price target to $27 from $21. -- ''Primus is trading well below its peers in the competitive international carrier group with a similar focus on retail customers,'' the firm said in a brief statement. -- Davis said the recent decline in Primus's stock price meant it has upside potential and said his 1999 revenue estimates could be conservative in light of strong growth in the company's retail customer base in the first quarter this year.