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

AG Edwards Upgrades Halliburton


AG Edwards upgraded the oilfield services contractor Halliburton (HAL) to buy from hold.

Analyst Poe Fratt says he upgraded Halliburton on a strong earnings recovery, moderating uncertainty and an attractive valuation. He says, while the cost of the asbestos settlement is high and headline risk on Iraqi work lingers, the asbestos overhang is closer to an end and its current valuation discount makes its risk/reward profile attractive. With only preliminary insurance settlements to be finalized, the effective date for asbestos settlement seems achievable within six months, if not sooner.

Fratt ups 2005 earnings-per-share estimte to $1.80 as the global oilfield service recovery is expected to expand earnings-per-share improvement.


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