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Teri G

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Teri G

Re: None

Wednesday, 11/27/2002 8:57:13 AM

Wednesday, November 27, 2002 8:57:13 AM

Post# of 704019
Morgan Stanley raises Novellus price target
(Reuters 11/27 05:50:24)
NEW YORK, Nov 27 (Reuters) - Morgan Stanley said on
Wednesday it has raised its price target on Novellus Systems
Inc. <NVLS.O> to $40 from $27 after the company repeated its
revenue and earnings outlook for the current quarter and said
bookings had improved from its previous forecast.
Shares in Novellus, which makes equipment used in
semiconductor production, closed on Tuesday at $34.48 on
Nasdaq.
((Thi Nguyen; Wall Street Desk 646 223 6153))
REUTERS

S.RT NVLS-O ELI.R US.R RCH.R NVLS


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