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

Bloomberg Customers

Markets & Finance

Robbie Stephens Cuts Sungard Rating

Robertson Stephens downgraded Sungard Data Systems (SDS) to market perform from strong buy.

Analyst Andrew Jeffrey says recent channel checks indicate that technology officers at major investment banks are increasingly pessimistic regarding a second-half 2001 spending turnaround. He believes the company's internal revenue growth is likely to slow in the second half as the company comes up against difficult year-ago comps and is exposed to slower software-license revenue growth. He now estimates that ISS revenues will grow 11% in Q3 and 10% in Q4. He believes near-term downside risk exists toward $53. Despite the downgrade, Jeffrey continues to view Sungard as a competitively advantaged leader. He set a new $63 12-month target.

blog comments powered by Disqus