Dendrite International upgraded to “outperform” - update

02/23/04 - Bear Stearns

NEW YORK, February 23 (New Ratings) – Analyst Stephen S Unger of Bear Stearns upgrades Dendrite International (DRTE) from “peer perform” to “outperform.”

In a research note published this morning, the analyst mentions that the company's stock performance has been flat in the past six months. However, the recent depreciation in Dendrite International’s share price offers an attractive investment opportunity, the analyst says. According to Bear Stearns, the company's stock possesses strong upside potential through 2004.