Analyst initiations: Vail Resorts, Peabody Energy, EnteroMedics
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MOST NOTEWORTHY: Vail Resorts, Peabody Energy and EnteroMedics were today’s noteworthy initiations:
- Wachovia initiated Vail Resorts (NYSE: MTN) with an Outperform rating and said the company’s real estate platform is not being valued at current valuation.
- Calyon believes Peabody Energy (NYSE: BTU) is well-positioned to take advantage of tightening global coal fundamentals and rising coal prices. The firm started shares with an Add rating and $70 target.
- EnteroMedics (NASDAQ: ETRM) was assumed with a Neutral rating at Cowen, as they believe the company lacks near-term catalysts ahead of EMPOWER results in 2H09.
OTHER INITIATIONS:
- Lehman initiated Akzo Nobel (OTC: AKZOY) with an Overweight rating.
- Bear Stearns started Napster (NASDAQ: NAPS) with an Underperform rating and RealNetworks (NASDAQ: RNWK) with an Outperform rating.
Original post by Eric Buscemi
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