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

Bloomberg Customers

Markets & Finance

WR Hambrecht Raises to Hold

WR Hambrecht upgrades (FLWS) to hold from sell.

Analyst Craig Bibb says that, with expectations low, he thinks it will be difficult for not to deliver fourth-quarter fiscal year 2005 (June) earnings per share upside. As such, he raises 6 cents fouth-quarter EPS estimate to 8 cents, and 20 cents for fiscal year 2006 to 27 cents.

Bibb notes that because of his rising EPS forecasts, sell ratings do not logically coexist, so he's also upgrading to hold. He says one premise of his sell rating was "declining expectations," which his estimate changes refute.

Using an expected latest 12 months EBITDA multiple of 10 (up from 9 earlier), he now looks for shares to reach $7.50 in one year.

blog comments powered by Disqus