Wedbush Morgan Boosts Guitar Center

Analyst Joan Storms says the company continues to see good momentum in its business

Wedbush Morgan upgraded its investment recommendation on Guitar Center (GTRC ) to buy from hold and added the stock to its focus list. On Dec. 10, the company forecast 2005 earnings per share of $2.50 to $2.69 on $1.68 billion in $1.72 billion in revenues.

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