Pilkington 'underperform,' estimates reduced

Date: 5 July 2005
Source: Newratings.com

Date: 5 July 2005

Analysts at Goldman Sachs reiterate their "underperform" rating on Pilkington, while reducing their estimates for the company.In a research note published this morning, the analysts mention that the company reported a 2% y/y decline in its FY05 sales.

The analysts expect sluggish trends to continue in the US automotive industry and a demand/supply imbalance in the glass market in the near term. According to Goldman Sachs, Pilkington’s share price already reflects speculations of the company’s acquisition, which is unlikely to occur in the near future. The EPS estimate for FY06 has been reduced from 9.38p to 9.16p.
600450 Pilkington 'underperform,' estimates reduced glassonweb.com

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