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Syntax-Brillian "buy," estimates raised
Oct 02 18:18 pm
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All Comments by Rocketrade »Baird Slashes Syntax-Brillian Target On LCD Panel Shortage [View article]
Tuesday, October 02, 2007 9:35:53 AM ET
Brean Murray, Carret & Co
NEW YORK, October 2 (newratings.com) - Analyst Michael HV Tieu of Brean Murray maintains his "buy" rating on Syntax-Brillian Corporation (ticker: BRLC), while raising his estimates for the company. The target price is set to $8.
In a research note published this morning, the analyst mentions that there is improved optimism regarding the company’s execution of its growth strategy, following James Li’s promotion to the position of CEO. Syntax-Brillian’s ability to finance the upcoming holiday season is expected to have improved significantly, since the company has received support of an additional supplier in Asia and entered into favourable payment terms with retailers, the analyst adds. The EPS estimate for 2008 has been raised from $0.70 to $0.76.
www.newratings.com/ana...
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