The devastating impact of Hurricane Sandy caused enormous property damage in the northeastern part of the United States, and forced many businesses and industries to shut down for several days. As the region begins the process of recovery, analysts are now starting to provide estimates on the economic cost of the damage and the lost business.
At this point, most analysts covering S&P 500 companies have not made any significant changes to their recommendations on companies in industries negatively impacted by Hurricane Sandy. The chart below shows the percentage of Buy ratings today for 15 S&P 500 industries that were likely impacted by the hurricane, compared to the percentage of Buy ratings for those same industries one week ago (prior to the hurricane). None of the 15 industries has recorded a significant change in the percentage of Buy ratings during this time frame. It is likely that many analysts are still waiting for more information from the individual companies on the impact of the hurricane before making any changes to their longer-term outlooks on the companies in these industries.