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

First Albany Ups Multi-Fineline Electronix to Strong Buy


From Standard & Poor's Equity Research

First Albany upgraded Multi-Fineline Electronix (MFLX) to strong buy from neutral.

Analyst Hugh Mai says that despite his concerns about the company's acquisition of MFS Technology Ltd., he believes its competitive advantages and robust growth opportunities are being given away essentially for free. He notes that the company's share price has been driven lower lately by "overblown" investor concerns about slowing shipments of RAZR phones. He says investors "mistakenly assume" the company's fortune is closely tied to the RAZR model. He maintains $2.24 fiscal year 2006 (ending September) earnings per share (EPS) and $2.51 fiscal year 2007 estimates.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus