Technology Industry
Industry: Email Alert RSS FeedFreeserve to Get Its First "Buy" Rating
Computergram International, August 24, 1999
Investment bank Credit Suisse First Boston is expected this morning to give recently-listed internet service provider Freeserve Plc its first ?buy? recommendation. According to figures leaked to Reuters, the bank will give a 12-month price target of 265 pence per share, a long way removed from the 60-80 pence valuations bandied around at the time of Freeserve?s flotation.
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CSFB is expected to claim that the company is ideally positioned to take advantage of the growth of the internet.
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