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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lamont who wrote (676)	6/4/1999 5:05:00 PM
From: Jimbo Cobb	Respond to of 737

check their price target....pretty bold, huh ???? a whole $27....real yawner....I guess that gives them plenty of room for an upgrade/price target increase later next week... FBR Starts London Pacific, Washington Gas Light At Buy (LPGL,WGL) (NewsTraders.com)-- Friedman Billings Ramsey today initiated coverage on London Pacific Group ADRs (LPGL) with a "buy" rating and $27 target, according to a source at the firm. FBR says the company, which offers annuities, money management and administrative support for financial advisors as well as late-stage venture capital, has excellent growth potential serving the fast growing market of middle to upper income individuals. The firm also initiated coverage on Washington Gas Light (WGL) with a "buy" rating and $31 target. Washington Gas Light, a distributor of natural gas to Maryland, Virginia and Washington DC, deserves a premium valuation given its record of high profitability, conservative finances and strong management, FBR told clients this morning. Copyright 1999 NewsTraders Inc. All Rights Reserved 09:17 Friday, June 04, 1999