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Tyco International Ltd.
TYC.NISIN: BMG9143X2082SEDOL: B1YW9H8 |
Rating: HOLD |
Target Price: 26.98 USD |
Investment Horizon: 6 to 24 months |
Company News Alert
On 29 May 2009, Tyco International Ltd.'s (Tyco International) NYSE common stock achieved our target price. The increase in stock price is in line with our expectation. However, we now believe the common stock is fairly valued, hence, we downgrade the common stock from a BUY to a HOLD. We will reassess our target price and rating in our 2Q 09 update report. We downgrade the European stock from a BUY to a HOLD as we now anticipate…
2Q 09 News Alert
Tyco International Ltd.’s (Tyco International) revenues and earnings declined y-o-y in 2Q 09. Although revenues were in line with our estimate, adjusted1 operating income was lower than our and market expectations. However, adjusted net income exceeded our estimate during the quarter. In light of this, we do not anticipate a change in our current NYSE common stock rating....
1Q 09 Update Report
The current global economic downturn has lowered the demand for Tyco International’s products, negatively impacting the company’s 1Q 09 top-line and profitability. Declining product demand was further compounded by strengthening of the US dollar against major foreign currencies, particularly the euro. Management expects the strengthening US dollar will negatively impact 2Q 09 top-line by approximately US$500 mn....
1Q 09 News Alert
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Tyco International Ltd.’s (Tyco International) revenues and earnings declined y-o-y in 1Q 09. Although revenues were in line with our estimates, earnings surpassed our and market expectations. Going forward, we expect Tyco International’s increasing exposure to emerging economies and geographical diversity…
4Q 08 Update Report
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Tyco International Ltd. (Tyco International) reported revenue growth in 4Q 08, in line with our expectation, supported by broad-based revenue growth across all segments. However, topline was limited by declining volume sales due to the weakening US and European economies. Operating margin grew, in line with our estimate, reflecting increased product pricing and cost reduction initiatives…
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