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Tuesday, 06/03/2003 9:49:27 AM

Tuesday, June 03, 2003 9:49:27 AM

Post# of 25232
TYC is moving up this morning:
08:56 ET More on Prudential upgrade of industrials : As noted in our earlier comments, Prudential raised their sector view on the Electrical Equipment & Multi-Industry industrial group, citing the benefit of a weaker dollar, expanded depreciation on capex under the recently approved tax legislation, above-avg dividend yields and below avg leverage, and attractive valuations. As part of the sector upgrade, firm upgraded the following stocks to Buy from Hold: CBE (target to $47 from $36), DHR (target to $75 from $57), EMR (target to $60 from $44), HON (target to $39 from $25), ROK (target to $28 from $22), SPW (target to $52 from $37), TYC (target to $24 from $15), and UTX (target to $80 from $66); firm raises Buy-rated GE's target to $40 from $36.

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