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

Markets & Finance

KeyBanc Cuts Invacare to Hold from Aggressive Buy

KeyBanc downgraded Invacare (IVC) to hold from aggressive buy, citing the company's recent downward revision to fourth quarter earnings guidance.

Analyst Robert Goldman says the company cited lost sales that resulted from integration issues on its recently installed SAP order entry and accounting system. Goldman says the company thinks issues related to the system should be resolved prior to the end of the year, however, lost sales in the fourth quarter are likely permanently lost. Since competitors filled the gap during Invacare's system issues, Goldman suspects there is some permanent share shift from Invacare to its competitors. The analyst is reviewing earnings per share models with a negative bias, but would not be surprised to see Invacare trading in the mid- to high $20s.

blog comments powered by Disqus