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

Adams Harkness Downgrades Peet's Coffee


Adams Harkness downgraded Peet's Coffee (PEET) to market perform from buy.

Analyst Scott Van Winkle says his downgrade is based on valuation. He says Peet blew through his $16.50 price target several weeks ago on the heels of new account wins, good business and stock momentum. He notes while he expected the stock might pull back, it hasn't. He maintains his $0.37 2002 earnings per share estimate, and $0.58 for 2003. Van Winkle also raised his $16.50 target to $19, which does not leave considerable upside.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus