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

Keybanc Upgrades Zale


Keybanc upgrades Zale (ZLC) to hold from underweight.

Analyst Jeffrey Stein says inventory issues following a disappointing Christmas selling season do not appear to be as material as he had feared.

He says Valentine's Day sales have rebounded and were positive at its sales division. He now believes margin pressure over the balance of the year may not be as severe as he had anticipated.

Stein notes, it appears that corrective measures in marketing have improved sales momentum at Zales. He raises his 20 cents third-quarter earnings per share estimate to 25 cents and $2.00 fiscal 2005 (ending January) to $2.10. He believes shares will settle at $27 to $29 after enthusiasm subsides.


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