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

Bloomberg Customers

Markets & Finance

Goldman Adds Federated to Recommended List

Goldman Sachs added Federated Department Stores (FD) to its recommended list.

Analyst George Strachan says the upgrade was based on the company's high quality within the department store sector, compelling cash flow dynamics, good EPS visibility, renewed commitment to merchandising, and format innovation. He raised his fiscal 2003 (ending January) EPS estimate by $0.05 to $3.50. Strachan says the stock is currently selling at 12 times his revised fiscal 2003 estimate, or 43% of the multiple of the S&P 500 -- well below its five-year average relative p-e of 58%. The analyst says assuming a year of reasonably strong EPS growth, combined with continued upward revaluation of this reliable value stock to normalized levels, he arrives at a six to 12 month price target of $53.

blog comments powered by Disqus