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

KeyBanc Cuts CRM Holdings to Hold


From Standard & Poor's Equity Research

KeyBanc downgraded CRM Holdings (CRMH) to hold from buy, noting concern about the California workers compensation market.

Analyst Kelly Nash thinks a positive earnings per share (EPS) catalyst would be if CRM entered into additional states such as Texas, or was involved in acquisitions. Given her belief that growth in the next few quarters may be more challenging than thought, she sees relatively limited upside to the stock. She cut her $1.20 2006 EPS estimate to 95 cents and her $1.65 2007 EPS estimate to $1.20.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus