CANADA: Cott EPS target upped
Cott Corp. has seen its earnings-per-share target upgraded. JP Morgan yesterday raised its fiscal 2004 EPS estimate for the company to US$1.34 from $1.29, citing "continued confidence in the business fundamentals in the remainder of the year."
The investment bank also lifted its 2005 EPS estimate to $1.55 from $1.49, while maintaining its neutral rating for Cott.
In a research note, JP Morgan analyst Dara Mohsenian said: "While we forecast mid-teens long-term EPS growth, we believe strong fundamentals are priced into the stock."
Earlier this week, Cott posted a rise in Q1 profit of 40% to $15.4m, or $0.21 a share, from $10.5m, or $0.15 a share, for the same period last year.
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Cott Corporation has posted its results for the second quarter to 2 July....
Congratulations to the five lucky winners of our competition, in association with Wolf Blass, for tickets to today's cricket match between England and Bangladesh....
Cott Corporation's US subsidiary has begun shipping from its new manufacturing facility in Fort Worth, Texas....
Cott Corporation said yesterday that its executive vice president and chief financial officer, Raymond P. Silcock, was to resign from the company after nearly seven years in this role, effective April...
Analysts lowered their earnings estimates for the soft drink producer Cott Corporation after it announced disappointing first quarter results last week....
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