Wedbush Maintains a 'Neutral' on Blockbuster (BBI); Expect In-Line Results and Continued Focus on Profitability
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Wedbush maintains a 'Neutral' on Blockbuster (NYSE: BBI), price target $1.50.
Wedbush analyst says, "Q3 Preview: We expect the company to report results close to our estimates for Q3 revenue of $1.01 billion and EPS of $(0.17), and consensus estimates of $1.01 billion and EPS of $(0.11)...We expect management to lower 2009 financial guidance to reflect higher interest expense and increased store closures. We believe upside potential for the stock is limited near-term until the company can stabilize its sales and improve profitability."
To see more analyst ratings on BBI Click Here.
Blockbuster Inc., together with its subsidiaries, primarily operates and franchises entertainment-related stores.
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blockbuster
Ramon on Nov 11, 2009 03:04 PMI think that Blockbuster has potential to increased the price target to $1,65