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

Wachovia Ups Citi Trends to Outperform

Wachovia upped its recommendation on Citi Trends (CTRN) to outperform.

Analyst Joe Teklits said results have accelerated in August and September as convenient, neighborhood-based locations are even more appealing in the current macro environment. The analyst says same-store sales are better-than-expected, and well ahead of his 4% higher estimates and last year's increase of 1.7%. He believes new stores are running ahead of expectations, and management guidance may be conservative. He says he would not be surprised to see at least marginal upside potential to new estimates: fiscal year 2006 (ending January) earnings per share estimates are now 85 cents, up from 83 cents as management guides 80 cents to 83 cents; The analyst ups his fiscal year 2007 estimate to $1.00 from 96 cents.

blog comments powered by Disqus