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

Banc of America Ups Monster Worldwide to 'Buy'


Banc of America upgraded Monster Worldwide (MNST) to buy from neutral.

Analyst Marta Nichols says she upgraded due to increases in estimates and the price target, as well as a more attractive risk/reward scenario. She says as Help Wanted advertising rises, both Monster and its online competitors will win. She notes competitive concerns have reached a fever pitch, yet Monster still is holding its own in the war for marketshare.

Nichols raised the 2004 earnings per share estimate by 5 cents to 55 cents, and upped the 2005 estimate by 5 cents to 75 cents. She upped her target to $27, which is supported by her comparable analysis to other Internet growth stocks, as well as fair value relative to Monster's secular growth, and her discounted cash-flow analysis.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus