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

Prudential Cuts Superior Industries to 'Sell'

Prudential downgraded Superior Industries (SUP) to sell from hold.

Analyst Michael Bruynesteyn says the downgrade is based on a fundamental shift in original equipment manufacturers' wheel buying behavior. In Interviews with OEMs, relevant suppliers revealed an almost unanimous opinion that a combination of improved designs for styled steel wheels, and greater OEM emphasis on lowering costs will overcome weight considerations, and lead to sharply reduced growth for aluminum wheels in the next one to five years. He figures the reduction of aluminum spares could cut one million units from aluminum wheel shipments. He cut the $3.35 2003 earnings per share estimate to $2.93, and cut the $3.75 2004 estimate to $3.33. He also cut the $47 target to $39.

blog comments powered by Disqus