Wedbush Morgan Upgrades Marvel Entertainment (MVL) to Buy on Strong Earnings Power
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Wedbush Morgan upgrades Marvel Entertainment (NYSE: MVL) from Hold to Buy. Price target lowered from $36 to $31.
Wedbush analyst says, "We are upgrading shares of Marvel Entertainment to BUY as we believe investors may not appreciate the company’s sustainable annual earnings power. We expect Marvel to report Q4 revenue of $248.1 million and EPS of $0.79. This compares with consensus for revenue of $215 million and EPS of $0.71. We expect earnings to decline to $1.33 next year, but consider 2009 earnings to be irrelevant, insofar as they do not reflect the “new” Marvel."
Marvel Entertainment, Inc. (Marvel) is a character-based entertainment company, with a library of over 5,000 characters.
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