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You are here: Home1 / News2 / Product News3 / Bridgestone Forecasts ‘Overly Pessimistic’

Bridgestone Forecasts ‘Overly Pessimistic’

Date: 20th August 2004 Author: Tyrepress Editors Comments: 0

According to Deutsche Bank, Bridgetone’s second half forecasts are overly pessimistic. The company’s projections are also said to assume low production volume and reflect an overly negative “cost-push scenario.” Instead Bridgestone’s strong first half results, which include an increase in turnover of 4 per cent and 29 per cent improvement in the companies operating income, have led analysts to project a more positive outlook and to affirm their advice to buy these shares.

Related news:

  1. Bridgestone’s Shares Fall: Update
  2. BorgWarner: Continued Growth Expected in 2005
  3. Cooper To Slow Production Due To Hurricaine
  4. Nokian Shares Soar 18 per cent Following Positive Results
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analysts, Bridgestone, Deutsche Bank, production, results, shares

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