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

SunTrust Upgrades Action Performance Rating

SunTrust Robinson upgraded Action Performance Cos. (ATN) to overweight from equal-weight.

Analyst William Chappell Jr. says he believes recent production delays have allowed the company to reset the bar in terms of production, and allowed its distributors to flush out excess inventory. He thinks new body styles for 2003 die-cast cars will actually stimulate demand from the collector community.

Chappell notes a month ago he intentionally cut his estimates to reflect a worst-case scenario. He sees $2.57 fiscal 2003 (Sept.) earnings per share, vs. the company's $2.85 to $3.00 guidance. Despite his conservative estimate, he notes the stock is trading at a discount to the luxury goods/collectible peer group.

blog comments powered by Disqus