Markets & Finance

Jeffries Cuts Toys R Us Rating

Toys R Us was down after Jefferies downgraded the stock to accumulate from buy.

Analyst Donald Trott says the stock is closing in on his $25-$26 target. He adds during each of first three quarters of the year, company guidance, consensus EPS estimates have come down as the quarter progressed. Although guidance for Q4 appears conservative, it seemed conservative with respect to earlier quarters as well. Hence, there's still a chance that we get some sort of EPS warning. Stock is selling at 17x the analyst's $1.38 fiscal year 2003 (January) EPS estimate vs. his 12% ongoing underlying growth rate.

Best LBO Ever

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

blog comments powered by Disqus