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

CS First Boston Boosts Acxiom to 'Buy'


CS First Boston upgraded Acxiom Corp. (ACXM) to buy from hold.

Analyst Anthia Christian says Acxiom announced an amended facility with its bank group, eliminating a major overhanging issue. The company says July was a profitable month, boding well for a return to profitability this quarter. Christian notes several deals have closed since the company released results on July 23, giving her more comfort in her estimates. She sees $0.31 fiscal 2002 (March) EPS estimate, and $0.56 EPS for fiscal 2003.

Christian says the company still has valuable services and a long list of blue chip clients. She notes Acxiom remains well positioned in the database marketing and information management space. She set a $15 12-month target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus