MOST NOTEWORTHY: Properity Bancshares, MV Oil Trust and Bio-Reference Lab were today’s noteworthy initiations:

• B. Riley initiated Prosperity Bancshares (NASDAQ:PRSP) with a Buy rating and $32 target. The firm thinks the company’s lower risk profile is supported by its conservative management team and by the relative strength of the Texas economy and housing markets.
• Oppenheimer assumed MV Oil Trust (NYSE:MVO) with a Perform rating and believes the company’s distribution growth is priced into shares.
• Bio-Reference Lab (NASDAQ:BRLI) was initiated with an Outperform rating at
  William Blair. The firm believes the company is well-positioned to benefit from robust industry growth trends.

OTHER INITIATIONS:

• Baird initiated Acorda Therapeutics (NASDAQ:ACOR) with a Neutral rating and $28 target.
• Citigroup started Mindray Medical (NYSE:MR) with a Buy rating and $45 target.
• Goldman Sachs initiated H&R Block (NYSE:HRB) with a Neutral rating and $20 target.

Original post by Eric Buscemi

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