Friday, April 16, 1999
TRISTATE MARKET SPOTLIGHT
Rating doesn't spur Cincinnati Bell
Shares of Cincinnati Bell lost 371/2 cents Thursday to close at $20.871/2.
Investors didn't appear to react to news that another Wall Street analyst picked up coverage of the Cincinnati-based telephone service provider. Analyst Todd Scott at ING Baring Furman Selz started following Bell with a “strong buy” rating. Mr. Scott has a year-end 1999 price target of $28.
Bell has gained 35 percent in value so far this year. Investors have rallied behind it in part on speculation the company might be bought as industry consolidation continues.
Gibson earnings lower than expected
Vanguard in for the long haul
P&G unloads Hawaiian Punch for $203M
British firm coming to N.Ky., sources say
Day-trade firm changing
Fees help push bank profits up
Post office at midnight: Time to party
Web ad sites go to top
TRISTATE MARKET SPOTLIGHT
INDUSTRY NOTES: MANUFACTURING
PEOPLE ON THE MOVE
TRISTATE BUSINESS SUMMARY
