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

Deutsche Bank Upgrades PeopleSoft to 'Buy'


Deutsche Bank upgraded PeopleSoft (PSFT) to buy from hold.

Analyst Brian Skiba says management expects a stock buyback to be accretive to 2004 earnings per share by 3 cents. He notes management said the spending environment has improved incrementally. Skiba thinks the J.D. Edwards acquisition gives PeopleSoft additional strength, positioning the combined company as the solid No. 2 enterprise applications firm behind SAP.

Skiba raised the 53 cents 2003 earnings per share estimate to 54 cents; he has a 95 cents 2004 estimate. Also, Skiba raised the $16 target to $24.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus