Business Services Industry
Ventura County Star, Calif., Technology Briefs Column.
Knight Ridder/Tribune Business News, March, 2003
Ventura County Star, Calif. Knight Ridder/Tribune Business News
Mar. 27--REGIONAL STOCKS: United Online (Nasdaq: UNTD) in Westlake Village rose $1.54 Wednesday, or 9 percent, to $18.57. In a Forbes.com column, Robert Maltbie of Millennium Asset Management rates the Internet service provider a "buy" with a 12-month price target of $23 per share.
Inamed Corp. (Nasdaq: IMDC) in Santa Barbara rose 86 cents, or 2.5 percent, to $34.50. Adams Harkness Hill began coverage with a "strong buy" rating and a year-end target price of $44 per share. Adams' analyst notes the company is trading at 12.3 times its 2004 cash EPS estimate of $2.73 per share, representing a 24 percent discount to its peers.
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