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Getting Pricey

Many brokerage stocks are trading above their takeover prices

COMPANY              POTENTIAL  CURRENT  PERCENT
                      TAKEOVER   PRICE*  OVERVALUED
                      PRICE
LEGG MASON                35        47        34%
DEAN WITTER               30        39        30
AG EDWARDS                35        38         9
MERRILL LYNCH             91        98         8
LEHMAN BROTHERS           35        38         9
PAINEWEBBER               37        36        -3
MORGAN STANLEY            66        65        -1
DLJ                       53        45       -15
SALOMON                   66        53       -20
DATA: SANFORD C. BERNSTEIN & CO.        *May 9, 1997


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Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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