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Anchor Glass Container initiated with "underweight" - update
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Analyst Angela Levy of JP Morgan initiates coverage of Anchor Glass Container (AEV.ETR) with an "underweight" rating.
In a research note published this morning, the analyst mentions that the company's fundamentals and cash flow growth potential are weaker than those of its peers. Anchor Glass Container's free cash flows are likely to be negative throughout 2005, the analyst says. JP Morgan expects the company's performance to be short of the consensus expectations during the forthcoming few quarters. Anchor Glass Container's stock is overvalued at present.
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December 21st, 2004
Source: Newratings.com |
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