Bloomberg the Company

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

Follow Us

Industry Products

Markets & Finance

Southwest Upgrades Retek to 'Neutral'


Southwest Securities upgraded Retek (RETK) to neutral from sell.

Analyst Bradley Whitt says although doesn't see much near-term improvement in fundamentals, he upgraded Retek, a provider of technology services for retailer. According to his research, bookings from new customers remain challenged, and may not improve until 2004.

However, Whitt notes that management recently said it expects third-quarter 2003 bookings to be above the low end of the $13 million to $19 million guidance. He notes 75% of bookings are expected to come from existing customers; he thinks this should be enough for Retek to maintain its guidance, but not enough to trigger a big rise in the share price.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus