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

AG Edwards Upgrades Sypris Solutions to 'Buy'

AG Edwards upgraded Sypris Solutions (SYPR) to buy from hold.

On Thursday Dana Corp. announced plans to sell some axle production assets to Sypris as part of an eight-year outsourcing deal. Analyst Tony Boase says he's upgrading technology-based outsourcer Sypris on this deal, which when completed in 2005, would increase the size of Sypris by almost 50%.

He views the Dana deal as a potential catalyst to attract meaningful investor interest and excitement in Sypris. Boase sees the company's 2004 earnings per share base at $1.00 without Dana; he says the deal adds about 33 cents earnings per share in total when completed in 2005.

Boase set a a $20 target, or 15 times his estimated earnings per share power of $1.33 based on current expectations and the Dana deal.

blog comments powered by Disqus