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

Salomon Ups National Processing to 'In-Line'

Salomon Smith Barney upgraded National Processing (NAP) to in-line from underperform.

Analyst Tony Wible says he's upgrading the credit card processing company on valuation but remains cautious due to the company's exposure to consumer spending. Based on updated economic data, Wible says he expects Visa and MasterCard purchase volumes to grow 6% to 8% in 2003, vs. the former estimate of 8% to 10% growth -- with growth most likely to come in at the lower end of the range.

Wible says his early 2004 growth estimates, and his cautious stance on consumers, leads him to favor names within the Electronic Payments and Information Services sector with growth potential and less sensitivity to consumer spending. He is keeping his outperform rating on Euronet Worldwide (EEFT) and Fair Issac (FIC) at outperform, and cut Global Payments (GPN) to in-line from outperform.

blog comments powered by Disqus