Business Services Industry
Montgomery Securities Initiates Coverage of HA-LO Industries, Inc. with a BUY Rating
Business Wire, May 3, 1996
SAN FRANCISCO--(BUSINESS WIRE)--May 3, 1996--Montgomery Securities Analyst Michael Moe has initiated coverage of HA-LO Industries, Inc. (Nasdaq: HALO) with a BUY rating. Moe expects the company to earn $0.95 per share in Fiscal Year (December) 1996 and $1.25 per share in Fiscal Year 1997. His 12-month target price is $45, or 26% above current levels.
HA-LO is the largest, fastest-growing and most comprehensive company in the specialty advertising business. The company customizes and creates targeted advertising and merchandising programs for manufacturing, financial service, broadcasting, consumer product and communications companies as well as professional sports teams. Moe cites HA-LO's diverse, blue-chip customer list, its successful acquisition strategy, and impressive management team in his BUY rating. He believes that HA-LO is an attractive stock for both short-term and longer-term investors.
CONTACT: Montgomery Securities Inc.
Michael T. Moe, 415/627-2688
Elizabeth Snowdon, 415/627-2747
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