Universal Compression Holdings - Deutsche Banc Alex. Brown's Arvind Sanger Initiates Coverage

Apr 10, 2001, 01:00 ET from Deutsche Banc Alex. Brown

    NEW YORK, April 10 /PRNewswire/ -- Deutsche Banc Alex. Brown analyst
 Arvind Sanger today initiated research coverage of Universal Compression
 Holdings, Inc. (NYSE:   UCO)($31.00) with a BUY investment rating.  Universal
 Compression Holdings is the second largest gas compressor rental company in
 the world.
     Sanger said, "We believe it is a unique oilfield services secular growth
 story driven by four powerful catalysts -- gas demand growth, increasing gas
 production decline rates, outsourcing and consolidation."
     Sanger's positive investment opinion is also supported by the following
 factors:
 
     -- Demand for compression should continue to grow
 
     -- Outsourcing trend continues to gain momentum
 
     -- Universal Compression Holdings has generated significant growth
 
     -- Valuation is attractive
 
     Sanger's 12-month price target on the shares is $46, or 22x his FY(Mar)
 2003 earnings estimate of $2.10.
 
     Deutsche Banc Alex. Brown represents the Investment Banking activities of
 Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd.
 (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are
 subsidiaries of Deutsche Bank AG. With assets of about Euro 940 billion and
 more than 98,000 employees, Deutsche Bank offers its clients unparalleled
 financial services throughout the world in over 60 countries. It ranks among
 the leaders in asset management, capital markets, corporate finance, custody,
 cash management and private banking. Deutsche Bank is organized in two
 customer-oriented Groups: "Corporate and Investment Bank" (CIB) and "Private
 Clients and Asset Management" (PCAM). The keys to the Bank's success remain
 constant: customer focus, the spirit of innovation, a broad range of product
 skills combined with technological power and financial strength delivered by
 highly skilled professionals.
     Within the past three years, Deutsche Banc Alex. Brown Inc. has managed or
 comanaged a public offering of Universal Compression Holdings, Inc.
     Within the past three years, Deutsche Banc Alex. Brown Inc. has
 participated in a private resale of securities made pursuant to Rule 144A
 under the Securities Act of 1933 for Universal Compression Holdings, Inc.
     As of April 9, 2001, an affiliate of DBAB owns approximately 2% of the
 outstanding common shares of Universal Compression Holdings, Inc.
     Information herein is believed to be reliable and has been obtained from
 sources believed to be reliable, but its accuracy and completeness cannot be
 guaranteed. Opinions, estimates, and projections constitute our judgment and
 are subject to change without notice. This publication is provided to you for
 information purposes only and is not intended as an offer or solicitation for
 the sale of any financial instrument. Deutsche Banc Alex. Brown Inc. and its
 affiliates worldwide, may hold a position or act as market maker in the
 financial instruments of any issuer discussed herein or act as advisor or
 lender to such issuer. Transactions should be executed through a Deutsche Bank
 entity in the client's home jurisdiction unless otherwise permitted by law.
 Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD.
 
 

SOURCE Deutsche Banc Alex. Brown
    NEW YORK, April 10 /PRNewswire/ -- Deutsche Banc Alex. Brown analyst
 Arvind Sanger today initiated research coverage of Universal Compression
 Holdings, Inc. (NYSE:   UCO)($31.00) with a BUY investment rating.  Universal
 Compression Holdings is the second largest gas compressor rental company in
 the world.
     Sanger said, "We believe it is a unique oilfield services secular growth
 story driven by four powerful catalysts -- gas demand growth, increasing gas
 production decline rates, outsourcing and consolidation."
     Sanger's positive investment opinion is also supported by the following
 factors:
 
     -- Demand for compression should continue to grow
 
     -- Outsourcing trend continues to gain momentum
 
     -- Universal Compression Holdings has generated significant growth
 
     -- Valuation is attractive
 
     Sanger's 12-month price target on the shares is $46, or 22x his FY(Mar)
 2003 earnings estimate of $2.10.
 
     Deutsche Banc Alex. Brown represents the Investment Banking activities of
 Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd.
 (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are
 subsidiaries of Deutsche Bank AG. With assets of about Euro 940 billion and
 more than 98,000 employees, Deutsche Bank offers its clients unparalleled
 financial services throughout the world in over 60 countries. It ranks among
 the leaders in asset management, capital markets, corporate finance, custody,
 cash management and private banking. Deutsche Bank is organized in two
 customer-oriented Groups: "Corporate and Investment Bank" (CIB) and "Private
 Clients and Asset Management" (PCAM). The keys to the Bank's success remain
 constant: customer focus, the spirit of innovation, a broad range of product
 skills combined with technological power and financial strength delivered by
 highly skilled professionals.
     Within the past three years, Deutsche Banc Alex. Brown Inc. has managed or
 comanaged a public offering of Universal Compression Holdings, Inc.
     Within the past three years, Deutsche Banc Alex. Brown Inc. has
 participated in a private resale of securities made pursuant to Rule 144A
 under the Securities Act of 1933 for Universal Compression Holdings, Inc.
     As of April 9, 2001, an affiliate of DBAB owns approximately 2% of the
 outstanding common shares of Universal Compression Holdings, Inc.
     Information herein is believed to be reliable and has been obtained from
 sources believed to be reliable, but its accuracy and completeness cannot be
 guaranteed. Opinions, estimates, and projections constitute our judgment and
 are subject to change without notice. This publication is provided to you for
 information purposes only and is not intended as an offer or solicitation for
 the sale of any financial instrument. Deutsche Banc Alex. Brown Inc. and its
 affiliates worldwide, may hold a position or act as market maker in the
 financial instruments of any issuer discussed herein or act as advisor or
 lender to such issuer. Transactions should be executed through a Deutsche Bank
 entity in the client's home jurisdiction unless otherwise permitted by law.
 Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD.
 
 SOURCE  Deutsche Banc Alex. Brown