July 2001
Multichannel News;7/2/2001, Vol. 22 Issue 27, p22
Shares in Convergys Corp. fell more than 9 percent after an analyst downgrade — and amid investor concern that the sluggish economy could dampen demand for the biller's services. Convergys dropped as low as $27.80 on June 26 — a new 52-week low — before rallying to close at $29.15, down $1.61. The price dip came after Wall Street analysts reduced growth expectations for Convergys. INSETS: Stock FOCUS;Bargain Time For Mediacom.


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