Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Salomon Smith Barney Cuts Macromedia to Outperform


Salomon Smith Barney downgraded its investment recommendation on shares of Macromedia (MACR) to outperform from buy.

Analyst Jonathan Rosenzweig says he remains very enthusiastic about the Macromedia story, and maintains it as his top pick in the imaging sector over the long term. But he fears that difficult conditions in the tech market -- and the economy - could impact his top line growth assumptions for fiscal 2002 (Mar.).

The analyst cut his revenue growth targets for fiscal 2002, though his earnings per share estimates remain unchanged. He also reduced his $106 price target on the shares to $75-$80.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus