How reliably can the Higgs-boson mass be predicted from electroweak precision data?

From the LEP precision data and the measurement of the W-boson mass, upon excluding the observables Rb, Rc in a combined fit of the top-quark mass, mt, and the Higgs-boson mass, MH, within the Standard Model, we find the weak 1σ bound of MH ≲ 900GeV. Stronger upper bounds on MH, sometimes presented in the literature, rely heavily on the inclusion of Rb in the data sample. Upon including Rb, the quality of the fit drastically decreases, and by carefully analyzing the dependence of the fit results on the set of experimental input data we conclude that these stronger bounds are not reliable. Moreover, the stronger bounds on MH are lost if the deviation between theory and experiment in Rb is ascribed to contributions of new physics. Replacing sW−2(LEP) by the combined value sW−2(LEP + SLD) in the data sample leads to a bound of MH ≲ 430GeV at the 1σ level. The value of sW−2(SLD) taken alone, however, gives rise to fit results for MH which are in conflict with MH ≳ 65.2GeV from direct searches.