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

Gerard Klauer Keeps 'Buy' on Circuit City


Gerard Klauer keeps its buy rating on Circuit City (CC), but remains cautious.

Analyst Scott Ciccarelli says if the company's remodeling costs exceeded his previous forecasts, and benefits take awhile to manifest (which he believes to be a reasonable assumption), then his EPS estimates could be at risk. Ciccarelli had thought Circuit City would pursue the lowest costs remodeling strategy; now, however, he believes it's keeping various alternatives open. He maintains his $0.96 fiscal 2002 (Feb) estimate and his $1.18 fiscal 2003 EPS estimate, but thinks the stock is likely to experience selling pressure until remodeling efforts become more transparent. He rates Circuit City as a buy, and has a $36 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus