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

First Albany Upgrades Wireless Facilities


First Albany upgraded Wireless Facilities (WFII) to buy from neutral.

Analyst Frank Marsala bases his upgrade on his belief that industry trends are strong enough for Wireless Facilities to achieve 2005 results at the upper end of its guided ranges.

He notes Cingular yesterday provided a post-acquisition update to investors. He believes Wireless Facilities could benefit from a number of coverage, integration, expansion initiatives planned by Cingular in 2005. Marsala also thinks Wireless Facilities could take part in similar initiatives being undertaken by other carriers.

Along with the rating upgrade, Marsala raises his $7 target to $11. However, he maintains his 33 cents 2004 earnings per share and 36 cents 2005 estimates for now.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus