Analyst initiations: SBAC, HOLX and KNXA
MOST NOTEWORTHY: SBA Comm, Hologic and Kenexa were today’s noteworthy initiations:
- Jefferies believes SBA Comm’s (NASDAQ:SBAC) high-quality portfolio positions it well to take advantage of strong industry trends and thinks the company could be an acquisition candidate for one of the larger tower companies. The firm started shares with a Buy rating and $38 target.
- Hologic (NASDAQ:HOLX) was initiated with a Buy rating and $82 target at Suntrust, as they view Hologic as a premier women’s health company. The firm expects increased digital penetration in the mammography market.
- Kenexa (NASDAQ:KNXA) was assumedwith an Outperform rating and $26 target at Friedman Billings, as they expect the company to preserve healthy revenue growth and industry main margins given the favorable long-term industry trends.
OTHER INITIATIONS:
- Credit Suisse initiated PSS World Medical (NASDAQ:PSSI) with an Outperform rating and $21 target.
- Kaufman started Accenture (NYSE:ACN) with a Hold rating and a $41 target.
- Oppenheimer assumed NexMed (NASDAQ:NEXM) with an Outperform rating and $3 target.
Original post by Eric Buscemi
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