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

Deutsche Bank Cuts SonoSite to 'Hold'

Deutsche Bank downgraded SonoSite (SONO) to hold from buy.

Analyst Bruce Jacobs says continued distribution issues in Japan, and some turbulence in Germany, led to a second-quarter revenue and earnings per share shortfall. He says he expects growth to resume in Germany, however, in Japan the company continues to suffer from a lack of focus from its distributor; he removed Japanese revenue from his second-half 2003 estimate.

Jacobs cut his target to $20. While he's cautiously optimistic that these issues are resolvable, visibility may not materially improve until next year.

blog comments powered by Disqus