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Some believe that companies are using recent pension reforms as an excuse to dump DB plans, when an easier way to deal with volatility would be to match schemes' bond-like liabilities with their assets, of which 60% are in shares, estimates UBS.
Namely, I borrow the top 1% wealth shares estimates from Lindert (54.9% and 61.1%, respectively), and I assume that the next 9% shares shifted from 28%to26%6%.
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Our 2015-2017 earningsd earnings per share estimates are 17% below the consensus.
Analyst Mark Freshney said: Our 2013-16 earnings per share estimates are now around 3%too % below consensus.
We have cut our earnings per share estimates by around 6% [for the next three years].
UBS raised its earnings per share estimates for Weir by 7% in both 2012 and 2013.
Mr. Sorenson reduced earnings per share estimates for 2003 to $1.85 to $1.95 from an earlier estimate of $2.05 to $2.15.
That handily beat the 44 cents a share estimates of analysts polled by Thomson Reuters.
Morgan Stanley said: We reiterate our overweight rating and raise our 2014/15 earnings per share estimates by around 4%-54%-5%
Our earnings per share estimates fall by 3% for 2016 but a much more significant 10%-11 10%-11017 and 2018.
We adjust our earnings per share estimates only for the Truth disposal, maintaining our 300p price target and buy recommendation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com