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BAC/ML and S&P Both Raise PO/Est Earnings for AB     31-Oct-09 07:15 am    
After the surprisingly good Q3 CC/earnings report for AB, both BAC/Merrill and S&P raised their 12 month profit objectives and future earnings for AB. BAC/ML PO for AB is now $34/share with earnings(distributions) estimated at $2.77 for 2010 and $3.09 for 2011. S&P has a 4 star "Buy" rating on AB, a PO of $32/share, and estimated 2010 earnings of $2.50. Our colleague "IBM's" PO of $50/share and 2010 earnings of $3.00 is looking good! Even if AB remains below $30/share the much improved outlook thanks to the new mgmt team justifies loading Cramer's truck at least a little bit!
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hachi05man

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BAC/ML and S&P Both Raise PO/Est Earnings for AB
hachi05man (1 Rating) 31-Oct-09 07:15 am  
 
I think, in the next few months, investors will be...
ibm_www Rate it 25-Nov-09 11:03 am  
 
I think, in the next few months, investors wi...
ibm_www Rate it 25-Nov-09 11:06 am  
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AllianceBernstein Holding L.P. (AB)

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