Monday, June 26, 2006

Calls of Note Part 6

- Piper Jaffray saying that as a result of the momentum in Focus Media (NASDAQ:FMCN)'s business, especially the positive ASP trends and expected ramp-up of the In-Store Network, they are increasing their 2006 and 2007 estimates. 2006 PF EPS estimate go from $1.25 to $1.49, and 2007 PF EPS estimate from $1.78 to $2.28. Firm is increasing their price target from $71 to $80 based on 35x 2007 PF EPS.

Notablecall: Expect to see some interest in FMCN.

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