Bloomberg the Company & Products

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

Prudential Boosts PacifiCare to 'Hold'


Prudential upgraded PacifiCare Health (PHSY) to hold from sell.

Analyst David Shove says the results are in line with the July 17 pre-announcement. He notes on an operating front, higher premium yields lowered the loss ratio slightly. He says the company continues to shed its money-losing business, but is likely do so for the next 12 months. He notes although PacifiCare is facing challenges, the company currently is profitable, and EBITDA is improving.

Shove expects visibility to remain clouded for the rest of 2001, but thinks shares should gain stability once the refinancing of the current credit line is accomplished later in 2001. He raised the $1.53 2001 EPS estimate to $1.63, and raised the $1.75 2002 estimate to $1.90. He upped his $12 target to $13.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus