Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Jefferies Upgrades Certegy to 'Buy'


Jefferies upgraded Certegy (CEY) to buy from hold.

Analyst Craig Peckham says after visiting the company last week, he thinks the current valuation is exceedingly attractive, and the near term expectations are conservative. Peckham says management was particularly upbeat about non-traditional product offerings, most notably payroll check cashing. He thinks expansion is tracking ahead of the company's conservative plans, and will help boost check growth in 2004.

Peckham sees $1.54 2003 earnings per share. He thinks 2004 promises to be a year of earnings acceleration, and therefore raised his $1.70 2004 earnings per share est. to $1.75. He has a $30 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus