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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (82812)6/21/2002 11:19:04 AM
From: captaintime  Respond to of 99280
 
Zeev,

Found this on a news board for IRF:

9:00AM Intl Rectifier cut to Underperform at BofA -- estimates ambitious (IRF) 37.35: Banc of America Sec downgrades to UNDERPERFORM from Mkt Perform to reflect its concerns regarding the stk's 12-month outlook. While current qtr probably okay, 12-month earnings projections appear ambitious; firm believes its Street-low 2003 est of $1.35 (consensus $1.58) could carry additional downside risk given the prevailing lack of visibility and uncertain slope of recovery in key end markets.