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

SWS Cuts Accredo Health Outlook

SWS Securities cut its estimates and price target on Accredo Health (ACDO).

Analyst Anne Barlow says Accredo's shares are trading sharply lower Monday due to concerns over its slightly revised revenue outlook for fiscal 2003 (June). Also, investors have concerns about the pricing for Synagis, a respiratory infection prevention treatment.

Barlow notes the company's gross margins were better than expected; she says other core product lines are growing at strong double-digits growth rates. She says Accredo still is projecting 25% to 40% growth in Synagis for fiscal 2003.

Barlow notes the company is a sector leader; top down fundamentals still are good with strong near-term catalysts. He trimmed the $1.38 fiscal 2003 earnings per share estimate to $1.36, and cut the $1.74 fiscal 2004 estimate to $1.72. She also cut her $48 target to $41, but is keeping her strong buy rating.

blog comments powered by Disqus