Dain Rauscher Wessels Upgrades Tandy to Strong Buy.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--Feb. 22, 2000

Dain Rauscher Wessels equity analyst George Sutton today upgraded Tandy Corporation (NYSE:TAN), $40, to a Strong Buy-Average Risk rating from a Buy-Average Risk rating.

"Within consumer electronics, the most direct large-cap beneficiary of the growth in the digital product and service platform is Tandy," Sutton said in a report. "Given that general retail fears and concern over wireless inventories have returned to normal levels, we believe the stock will continue to run at the high-end of our expectations as the company expands its services into Web appliances and new wireless phone vendors."

Sutton has a 12-month price target of $75 for Tandy Corporation.

Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving the research report should call [phone].

The Dain Rauscher Wessels division includes equity research, equity trading, institutional equity sales and corporate finance. The division's 38 analysts focus on five industries: consumer, energy, services, health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 350 people, has offices in Austin, Texas; Boston; Dallas; Houston; Menlo Park, Calif.; Minneapolis; New York City; San Francisco; and Seattle.

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 non-affiliated 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 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. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St.

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