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

Thomas Weisel Cuts Landry's Restaurants Rating

Thomas Weisel cut Landry's Restaurants (LNY) to peer perform from outperform.

Analyst Skip Carpenter says he downgraded to reflect a more conservative view following the news that the CFO resigned. Given that Landry's has a strong track record of maintaining extremely low management turnover at both executive and operational levels, he notes the sudden resignation of Paul West is a surprise.

Other concerns include current unfavorable cost pressure environment for the restaurant sector, very challenging back-half 2004 same-store sales comparisons for Landry's business, and strong stock performance with the stock up 17% year to date. Carpenter sees $2.04 2004 EPS and $2.23 for 2005.

blog comments powered by Disqus