re: amro upgrades - pussnboots I've got the SmithBarney 'Scoop' here and they have maintain there Underperform recommendation on the stock, and change the risk code to Speculative from High.
They have highlighted the negative industry trends, very low levels of earnings visibility,and PER of 12x FY04e and stuck a valuation of 96c on the stock.
amro upgrades - price goes down!!, page-14
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