UPDATE 1-RESEARCH ALERT-Lehman cuts Bear Stearns price target

martes 15 de enero de 2008 19:19 CET

 (Adds 2008 EPS estimates)
 Jan 15 (Reuters) - Lehman Brothers cut its price target on
Bear Stearns Cos Inc BSC.N but raised its targets on Merrill
Lynch & Co Inc MER.N and Morgan Stanley Inc (MS.N: Cotización), and said
there is significant long-term value in the large-cap
broker-dealer stocks.
 Lehman cut its price target on Bear Stearns to $110 from
$117. The price target on Merrill Lynch was raised to $68 from
$62, while Morgan Stanley's target went to $60 from $59.
 The best values in the group are Bear Stearns, Morgan
Stanley, Merrill Lynch and Goldman Sachs Group Inc (GS.N: Cotización),
Lehman said. It has a price target of $234 on Goldman Sachs.
 Lehman changed its 2008 earnings-per-share estimates for
the following companies:
 COMPANY                          CURRENT       PRIOR
 Bear Stearns                     $8.01         $10.72
 Goldman                          $20.80        $22.91
 Merrill Lynch                    $6.09         $7.96
 Morgan Stanley                   $6.35         $6.76
 (Reporting by Jennifer Robin Raj in Bangalore; Editing by
Pratish Narayanan, Deepak Kannan)