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

JP Morgan Downgrades PEC Solutions to 'Neutral'

JP Morgan downgraded PEC Solutions (PECS) to neutral from overweight.

Analyst Dirk Godsey says his downgrade reflects a less attractive valuation. He notes PEC, a provider of technology services to the government, has solidly outperformed the peer group over the past several months. He thinks anticipated opportunities from the Defense Department and Homeland Security spending in 2003 already are factored into the stock price. Godsey says with the stock trading at 40 times 90-cent 2003 earnings per share estimate, the risk/reward balance is more favorable at lower levels.

Longer-term, Godsey says PEC is well-positioned for sustained robust growth, as shown in his 35% to 40% three-to-five year growth rate projection.

blog comments powered by Disqus