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

Lehman Brothers Upgrades CSK Auto

Lehman Brothers upgraded CSK Auto (CAO) to buy from market perform.

Analyst Alan Rifkin says the company is gaining traction. He believes improved vendor terms, enhanced inventories, and ongoing favorable industry trends will begin to drive momentum in EPS in 2002. He also noted a record number of licensed drivers, more rational pricing environment, and aging SUVs.

Rifkin sees first quarter sales ahead of plan, with comps up 9%-10% vs. his current 6% forecast. He says the near-term benefits of its profitability enhancement program are beginning to take hold, yielding margin improvement. He sees EPS of $0.71 in fiscal year 2003 (Jan.) and $0.85 in fiscal year 2004. He raised his $10 12-month price target to $15.

blog comments powered by Disqus