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

RBC Capital Cuts Business Objects to Sector Perform

From Standard & Poor's Equity Research

RBC Capital downgraded Business Objects (BOBJ) to sector perform from outperform, noting a shortfall in deal execution as well as poor European/Asia-Pacific performance.

Analyst Mike Abramsky cuts his 2006 earnings per share (EPS) estimate to $1.45 and his 2007 EPS estimate to $1.69. He also cut his price target to $29. He says Business Objects has become a "show me" story for investors. He says CEO Schwartz has not yet been able to duplicate his track record at Symantec of establishing and beating conservative guidance consistently. He believes the stock remains range bound until investors see improving execution and recovering license outperformance.

blog comments powered by Disqus