Anchor Glass Container initiated with "underweight" - update

Date: 20 December 2004

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.

600450 Anchor Glass Container initiated with "underweight" - update

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment