Markets & Finance

Prudential Keeps 'Buy' on Pixar


Prudential reiterates buy on Pixar (PIXR

).

Analyst Katherine Styponais says Q2 results came in better than expected, and she notes she was at the high end of the Street's range. She thinks Pixar will be strong on Friday on Q2's outperformance and positive guidance. Styponais notes supplementary revenue stream -- its home video and interactive business -- contributed to the strong quarter.

She sees $0.56 2001 EPS and $1.33 EPS for 2002, citing the November 2 release of Monsters Inc. as a key near-term catalyst. Styponais has a $50 target.


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