Dain Rauscher Wessels Upgrades Lone Star Technologies to Strong Buy.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher Wessels. MINNEAPOLIS--(BUSINESS WIRE)--June 19, 2000 Dain Rauscher Wessels equity analyst James K. Wicklund today upgraded Lone Star Lone Star (or Lonestar) may refer to:
See: New York Stock Exchange : LSS LSS Lutheran Social Services LSS Logistics Support System LSS Lean Six Sigma LSS Line Sharing Service (telecommunications, Australia) LSS Legal Services Society (Canada) LSS Law Students' Society ), $45.69, to a Strong Buy-Aggressive Risk rating from a Buy-Aggressive Risk rating. Lone Star Technologies is a holding and management outfit that owns Lone Star Steel Company The Lone Star Steel Company, a subsidiary of Lone Star Technologies, is a company based in Lone Star, Texas. It specializes in making tubular steel with outer diameters ranging from 16 inches to 1.415 inches. , maker of oilfield specialty tubing, and flat-rolled and other tubular steel products. "As a leading oilfield tubular manufacturer, Lone Star is almost exclusively leveraged to domestic natural gas drilling activity levels," Wicklund said in a report. "Going forward, natural gas drilling is expected to require deeper drilling, entailing an order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. increase in tubular consumption. "On top of a recovering oilfield tubular business, the Fintube acquisition should contribute a steadily growing base of revenues that is expected to effect the cyclical volatility of Lone Star's oilfield products business, while still allowing the company to post strong earnings and cash flow growth through the recovery." Wicklund has a 6-month price target of $66 for Lone Star Technologies. Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Wicklund's research report should call (612) 371-7752. The Dain Rauscher Wessels division includes equity research, equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as , institutional equity sales and corporate finance. The division's 40 analysts focus on five industries: consumer, energy, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 350 people, has offices in Austin, Texas; Boston; Chicago; Dallas; Houston; Menlo Park, Calif.; Minneapolis; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a). Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 26 predominantly western states, investment banking services to corporations and municipalities nationwide, and trade clearing and settlement services to nonaffiliated broker-dealers throughout the United States and abroad. Dain Rauscher Incorporated, one of the nation's largest full-service securities firms, is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. Dain Rauscher Corporation, its holding company, trades on the New York Stock Exchange under the symbol DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) . The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI See Digital Research. , its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. (a)Strategic alliance with Tamir Fishman & Co. |
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