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

J.P. Morgan Upgrades Bebe Stores to 'Overweight'

JP Morgan upgraded Bebe Stores (BEBE) to overweight from neutral.

Analyst Brian Tunick says as much of the production and inventory issues are behind the company, he believes Bebe is on the cusp of an inflection point and earnings growth will show a sharp acceleration over the next 12 months. After four consecutive months of positive comparable store sales, he believes that very easy comparison sales and a more normalized inventory flow will contribute to an acceleration of comparisons.

Tunick says backing out the company's $5.50 cash per share, the shares are trading at a discount to group multiple of 20.5 times. Given the likelihood of comparisons and margin acceleration, he believes multiple expansion is justifiable.

blog comments powered by Disqus