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Enron Mail |
I'm off to New York for a meeting but thought you might like to see this:
Wednesday January 12, 11:30 am Eastern Time RESEARCH ALERT - Enron price target raised NEW YORK, Jan 12 (Reuters) - Schroder & Co Inc said Wednesday it raised Enron Corp's (NYSE:ENE - news) price target to $75 from $60 and cut 2000 earnings per share estimates. -- raised price target because ``as the bandwidth trading market unfolds over the next 12 months, we anticipate that an additional $15 of value will be created for shareholders, with considerably greater value possible as the market develops.'' -- cut 2000 estimates to $1.45 per share from $1.55 "due to fine-tuning." -- introduced 2001 EPS of $1.75. -- "Bandwidth trading will be a critical value creator in 2000. Enron has built a critical base in the emerging bandwidth commodity industry, which is poised to achieve rapid growth in 2000." -- ``Bandwidth trading keys off Enron's market dominant skills developed in trading electricity and natural gas. After executing the first key bandwidth trade in 1999, Enron appears poised to begin posting rising transaction volumes, establishing the credibility of this new industry.'' -- ``The ultimate value of bandwidth trading is likely to exceed the total value of Enron's existing electricity and gas franchise.''
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