New Media - Research Analyst Coverage
Sterne Agee & Leach reiterates Blue Nile Inc. at 'neutral'
November 06, 2009 5:16 PM ET
By Umair Qureshi
|  Related Companies | Related Research Reports |
Sterne Agee & Leach Inc. analyst Jennifer Milan maintained their investment opinion of Blue Nile Inc. at "neutral," and increased their price target to $56 from $54. Milan increased their 2009 EPS estimate to 85 cents from 80 cents. The analyst wrote in a research report: "We continue to rate NILE shares Neutral with a revised price target, which assumes that next year shares will trade at 43.8x our forward 12- month estimates. While we remain convinced of NILE's significant opportunity to gain share in the face of what will likely be accelerated consolidation in the jewelry market, we believe the company's opportunities are already reflected in the stock price at current levels." | 
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