15 de enero de 2008 / 18:23 / hace 10 años

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

2 MIN. DE LECTURA

 (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), 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), 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)   

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