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| Satya Pradhuman of Merrill Lynch |
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| TOP PICK | URS Corp | URS-N | 27.120 | Access to capital should remain very healthy. Expected to grow 13/14% at a 13/14 X multiple. | 2004-07-02 | ||
| TOP PICK | American Axle & Mfg Hldgs Inc. | AXL-N | 34.760 | The auto related groups are trading at historically low multiples. | 2004-07-02 |
