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 Sachs Upgrades Zale

Goldman Sachs upgrades Zale Corp. (ZLC) to market outperform from market perform.

Analyst Adrianne Shapira says she is raising her $2.80 FY 02 (July) EPS estimate to $2.85, and sets a $3.30 FY 03 estimate, on better than expected holiday results as a turnaround unfolds ahead of its plan. She says the jewelry company is in the early stages of its turnaround efforts given current management's proven track record, disciplined promotional cadence, further cost cutting opportunities, and weakened competitive landscape given the tough environment.

As year ago comparisons ease, investors have reset the bar in FY 02, and the analyst believes the stock gets valued at 14 times CY 02 estimate, or $46. She would view weakness as a compelling buy opportunity, she says.

blog comments powered by Disqus