Goldman Sachs Downgrades Beam Inc (BEAM) to Neutral
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Price: $23.90 -1.69%
Rating Summary:
10 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
10 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Goldman Sachs downgraded Beam Inc (NYSE: BEAM) from Buy to Neutral but bumps its price target from $56 to $58.
"We remain constructive on BEAM's fundamentals and continue to view BEAM as an attractive strategic asset, however, we now believe upside is more limited absent a consummation of a deal," the analyst said.
Goldman tweaked FY12 EPS from $2.36 to $2.37, FY13 from $2.64 to $2.63 and FY14 from $2.95 to $2.92.
For an analyst ratings summary and ratings history on Beam Inc click here. For more ratings news on Beam Inc click here.
Shares of Beam Inc closed at $58.99 yesterday.
"We remain constructive on BEAM's fundamentals and continue to view BEAM as an attractive strategic asset, however, we now believe upside is more limited absent a consummation of a deal," the analyst said.
Goldman tweaked FY12 EPS from $2.36 to $2.37, FY13 from $2.64 to $2.63 and FY14 from $2.95 to $2.92.
For an analyst ratings summary and ratings history on Beam Inc click here. For more ratings news on Beam Inc click here.
Shares of Beam Inc closed at $58.99 yesterday.
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