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

Legg Mason Downgrades Blue Nile to Hold from Buy

Legg Mason downgraded Blue Nile (NILE) to hold from buy, explaining that the shares have grown 39% more expensive since early October.

Analyst Scott Devitt believes the jewelry retailer's intrinsic business value is in the low-$40s per share. He expects the company to report a solid fourth quarter and sees $81 million revenue and 33 cents cash earnings per share. He also expects the 2005 holiday period to be generally positive vs. expectations for the entire Internet Consumer Services sector. However, he has somewhat subdued sector views in 2006 as he believes price has begun to exceed value sectorwide.

blog comments powered by Disqus