Nomura Securities Maintains a 'Neutral' on Tyco Int'l (TYC); Raising PT & Estimates After Solid Beat
TYC Hot Sheet
Rating Summary:9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Nomura Securities maintains a 'Neutral' on Tyco Int'l (NYSE: TYC), raising PT from $48 to $51.
Analyst, Shannon O'Callaghan, said, "Segments beat by $0.03 ($0.01 each) plus typical help from corporate and tax netted to a $0.05 EPS beat vs. us in fiscal 1Q12. FY12 guidance increased a nickel at the low end to $3.55-3.60. 2Q12 guidance was set at ~$0.77, below consensus but looks conservative. We raise our 2012 EPS estimate to $3.60 and our price target to $51 (14x our 2012 EPS estimate, with P/E up half a point on better sector multiples). The focus is the separation plan, with the company noting that documents (Form 10s and proxy) will be out in late March."
For an analyst ratings summary and ratings history on Tyco International click here. For more ratings news on Tyco International click here.
Shares of Tyco International closed at $50.95 yesterday, with a 52 week range of $37.39-$53.38.
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Analyst, Shannon O'Callaghan, said, "Segments beat by $0.03 ($0.01 each) plus typical help from corporate and tax netted to a $0.05 EPS beat vs. us in fiscal 1Q12. FY12 guidance increased a nickel at the low end to $3.55-3.60. 2Q12 guidance was set at ~$0.77, below consensus but looks conservative. We raise our 2012 EPS estimate to $3.60 and our price target to $51 (14x our 2012 EPS estimate, with P/E up half a point on better sector multiples). The focus is the separation plan, with the company noting that documents (Form 10s and proxy) will be out in late March."
For an analyst ratings summary and ratings history on Tyco International click here. For more ratings news on Tyco International click here.
Shares of Tyco International closed at $50.95 yesterday, with a 52 week range of $37.39-$53.38.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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