Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

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

CSFB Revs Up Roadway Express to Buy


CS First Boston raised its investment rating of Roadway Express (ROAD) to buy from hold because the firm thinks Roadway's operating performance has improved and its stock has underperformed other trucking stocks by 30% since the beginning of Q4 2000.

Analyst Gary Yablon said the company's $1.34 Q4 EPS was stronger than expected considering the tough freight-shipping environment. He said the stock is trading at a P/E of nine, which, given Roadway's limited history as a public company, represents a very low multiple. Yablon believes the prospect of a recession is already priced into the stock.

He sees a 2001 EPS of $3.20 and has set an upper $20s 12-month price target on the stock.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus