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

Merrill Keeps Buy on Tyco

Tyco International (TYC) posted $0.30 vs. $0.82 Q4 EPS from continuing operations (pro forma). Merrill Lynch reiterated its buy rating on the shares.

Analyst John Inch says Tyco's results were within its $0.30-$0.33 guidance. He says the company's $9.4 billion in revenue was much stronger than his $9.1 billion estimate; more importantly, its $1.3 billion cash flow was above $800-$900 million guidance. Inch notes a press report that there may be a restatement by the company's ADT unit over the prior three quarters, but he believes the restatement likely to be within realm of expectations. He has a $25 price target based on sum-of-the-parts methodology. Inch notes the key risk is possible accounting irregularities that could be discovered during an internal forensic accounting investigation.

blog comments powered by Disqus