Westminster Securities Initiates Coverage of Sun Hydraulics Corporation


ATLANTA, Oct 31, 2005 /PRNewswire via COMTEX News Network/ -- Westminster Securities Corporation has today published an analyst report covering Sarasota, Florida-based Sun Hydraulics Corporation (Nasdaq: SNHY) with a "Strong Buy" Investment Rating, a 12-month Target Price of $34.04, and a Risk Rating of "Moderate."

Sun Hydraulics is multinational designer and manufacturer of high- performance hydraulic cartridge valves and component systems, which are utilized by the company's global customer base in a wide variety of machinery and vehicle applications.

Sun Hydraulics Corporation is not an investment banking client of Westminster Securities Corporation, which does not make a market in the trading of Sun Hydraulics Corporation shares.

For further information or a copy of Westminster Securities Corporation's latest equity research report covering Sun Hydraulics Corporation please contact:

William D. Lyons, Director of Equity Research
      (wlyons@westminstersecurities.com)

     Westminster Securities Corporation, 2050 Marconi Drive, Suite 300,
      Alpharetta, GA 30005; Phone: (770) 777-8376; Fax: (770) 777-8379

Westminster Securities Corporation is a full service New York Stock Exchange member firm operating in six principal areas: Investment Banking, Equity Research, Execution Services, Clearing and Operations and Institutional and Retail Account Management. Combining the responsiveness of a boutique firm with the financial expertise of a long established institution, Westminster provides its services to corporations, institutions, private clients, and investment professionals worldwide. Founded in 1971, Westminster is a member of the New York Stock Exchange, National Association of Securities Dealers (CRD number 6105), and the Securities Investor Protection Corporation. Westminster is headquartered at 100 Wall Street, New York, with branch offices in Atlanta, New York, Miami, St. Louis, Toronto, Limassol (Cyprus) and Shanghai (People's Republic of China).

SOURCE Westminster Securities Corporation

William D. Lyons, Director of Equity Research of Westminster Securities Corporation,
or wlyons@westminstersecurities.com
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