UPDATE 1-CS cuts EPS view on Goldman, Morgan Stanley, Lehman

martes 12 de febrero de 2008 16:12 CET
 

 (Recasts, adds details, share movement)
 Feb 12 (Reuters) - Credit Suisse lowered its earnings
outlook for Goldman Sachs (GS.N: Cotización), Morgan Stanley (MS.N: Cotización) and
Lehman Brothers LEH.N to reflect cost of asset price declines
in both global equities and fixed income markets, and poor
levels of quarter-to-date investment banking activity.
 Analyst Susan Katzke, who cut her fixed income revenue
forecast for all the three brokerages, however, maintained her
"outperform" rating on the stocks.
 Katzke slashed her fixed income revenue view on Goldman
Sachs, the world's largest securities firm, by 40 percent to
$2.1 billion. She also cut her fixed income revenue view for
Morgan Stanley by a third to $1 billion, while cutting Lehman's
by 38 percent to $800 million.
 Goldman Sachs shares were trading down more than 1 percent
at $183.34 in morning trade on the New York Stock Exchange.
Shares of Lehman were down more than 1 percent at $57.33, while
Morgan Stanley stock was trading up over 1 percent at $43.03.
 Following are the estimate changes made by Credit Suisse:
Company                               Q1 EPS estimate  FY08 EPS
estimate
                                   Current   Prior  Current
 Prior Goldman Sachs Group Inc (GS.N: Cotización)        $2.70     $4.59 
$19.50 
 $21.25 Lehman Brothers Holdings Inc LEH.N  $1.20     $1.50 
$6.55  
 $7.00 Morgan Stanley (MS.N: Cotización)                 $1.00     $1.21 
$5.80  
 $6.05
 (Reporting by Tenzin Pema in Bangalore; Editing by Gopakumar
Warrier)