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

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Baird Cuts Insight Enterprises to Neutral


Robert W. Baird downgraded Insight Enterprises (NSIT) to neutral from outperform, after the company posted quarterly results.

Analyst David Manthey notes factors such as a moderate demand environment, higher-than-expected selling, general, and administrative costs, and the increasing possibility of the company's missing its 4.0% non-Generally Accepted Accounting Principles EBIT margin target in the fourth quarter of 2006. Although he thinks Insight Enterprises remains a turnaround story, the next 6 to 12 months could be challenging. He expects the stock to perform in line with the market. He also cut his $1.56 2006 earnings per share (EPS) estimate to $1.34, his $1.88 2007 estimate to $1.52, and his $24 stock price target to $22.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus