Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Goldman Builds Up Black & Decker

Goldman Sachs upgraded Black & Decker (BDK) to market outperform from market perform.

Analyst Christopher Winham says the upgrade is based on an industry-low valuation of 10.7 times B&D's depressed 2001 EPS estimate. He cut the $3.65 2001 EPS estimate to $3.45, and lowered the $4.20 2002 estimate to $3.90 on a more delayed economic recovery.

Strong housing markets, improving consumer confidence and aggressive new product launches from B&D gives some optimism for second-half 2001 results. He says the risks are adequately reflected in the stock's current valuation, and believes shares offer a 20% upside. Winham has a $45 target.

blog comments powered by Disqus