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Avid Technology, Inc. Message Board

  • Maple_Leaf17 Maple_Leaf17 Feb 8, 1999 6:24 AM Flag

    Morgan Stanley has $50.00 Target

    From : S&P ComStock Feb 5 1999 8:01PM
    Re :
    VIEWS AND NEWS,AVID TECHNOLOGY

    2/5/99 12:30
    pm... UPDATE... AVID TECHNOLOGY (AVID 33-1/8) UP 4-5/8,
    POSTS
    $0.57 VS. $0.37 4Q EPS FROM OPS. ON 17% REVENUE RISE...
    MORGAN STANLEY DW
    UPGRADES TO OUTPERFORM FROM
    NEUTRAL... Analyst Gillian Munson tells
    salesforce
    upgrade based on stronger than expected 4Q, much improved
    visibility... Raises
    $1.96 '99 EPS estimate to $2.18, sees
    $2.67 '00... Believes AVID is good stock
    for
    small-cap oriented investors who like momentum, growth...
    Has $50
    target./J.Freund

    -0- AVID $ (0886)
    02-05-99 12:34 PM EST

 
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