www.pit5.com saves this page so readers can
view old news that may not still be availible elsewhere.
This is a saved page of
Merrill Lynch "buy" (New Ratings)
This is a copy we made of the page on 18-Apr-2006.
The original page may or may not still be availible and pictures and text may
have changed since then.
Click Here to view the original page at the original
website.
NEW YORK, April 5 (newratings.com) - Analyst Richard X Bove of Punk Ziegel & Co maintains his "buy" rating on Merrill Lynch (MER.ETR). The target price is set to $94.
In a research note published this morning, the analyst mentions that in its recent 8-K filing, the company has indicated that it would incur charges of $1.2 billion, excluding taxes, in its Q1 earnings. The charges, which relate to the adoption of SFAS 123R, are significantly above the initial expectations of $350 million, the analyst adds.
Quote data provided by IS.eFinance Solutions (powered by IS.Teledata AG) using Standard&Poor's ComStock Inc. and others. Delay times are 15 mins for European exchanges and NASDAQ, 20 mins for NYSE and AMEX.
All content copyright newratings.com. All rights reserved.
Republication or redistribution strictly
prohibited without the prior written consent of newratings.com.
In no event shall newratings.com be
held liable for this or any other content, or for any actions taken in reliance thereon.
newratings.com makes no warranties, either express or implied,
as to the fitness of the content
for any particular purpose.
+0.92 (+1.17%)