Yellow | YRC Worldwide downgraded to "hold" - update

IR CookieMonster

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Friday, December 08, 2006 7:52:28 AM ET
BB&T Capital Markets

NEW YORK, December 8 (newratings.com) - Analysts at BB&T Capital Markets downgrade YRC Worldwide Inc (ticker: YRCW) from "buy" to "hold," while reducing their estimates for the company.

In a research note published this morning, the analysts mention that the moderating economic environment might affect YRC Worldwide’s high fixed-cost network. Channel checks indicate that Yellow Regional’s volumes are under pressure on account of the sustained weakness in auto and manufacturing, the analysts say. The EPS estimates for 2006, 2007 and 2008 have been reduced from $5.56 to $5.27, from $5.95 to $5.44 and from $6.48 to $5.96, respectively.


YRC Worldwide downgraded to "hold" - update | newratings.com


also a good article on this

Analysts downgrade YRC Worldwide - Kansas City Business Journal:
 
Thanks IRC!! Bill Z told us back in September that the rest of the year was going to be 'soft'. I guess he was right!! DS.
 
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