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This is great news for those of us long in the stock, but the market reaction was disappointing -- the stock is only back to the same low level it's been at the last few weeks. Do you know if Prudential gave any 12-month price target?
"The Stock Represents A Compelling Value At current prices, we believe AATT stock is an compelling value. With the stock trading at $12, our price target represents a potential 83% gain from current levels. The company's transition from the exposure to Intel is now in its last stages, and year-over-year topline comparisons we expect will turn positive starting in the third-quarter. The company has executed on this transition, has excellent market expansion opportunities, and is the low cost supplier in the market. Trading at just over 9 times our estimated 1999 earnings estimate of $1.23, we would be aggressive buyers of the stock. We are raising our rating to Strong Buy from Accumulate for AATT with a $22 12-month price target."