GlobeSpan Rises on Upgrade

By TSC Staff ,

DSL chip maker GlobeSpan (GSPN) was up 19% after the stock was raised to strong buy from outperform by Morgan Stanley Dean Witter analyst Louis P Gerhardy. Gerhardy also cut his price target on the stock $35 from $45 per share. The stock had fallen to a close Thursday of $8.71.

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