Bloomberg the Company

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

Follow Us

Industry Products

Markets & Finance

Morgan Stanley Lowers Everest Re To Neutral


Morgan Stanley lowered its investment rating on Everest Re (RE), saying it believes the stock has discounted most of its 2002 projected earnings growth.

The company posted a $0.80 third quarter loss per share from operations despite a 14% revenue rise citing September 11-related losses. Analyst Vinay Saqi said he believes the stock is close to reaching his $80 target.

He says the company's loss per share exceeded his $0.44 loss estimate. He cut his $3.10 2001 earnings per share estimate to $2.75 earnings per share. He maintains his $5.55 2002 earnings per share estimate.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus