Archive for the 'Analyst Initiations' Category
Analyst initiations: SMBL, HOO and ASH
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MOST NOTEWORTHY: Smart Balance, Cascal NV and Ashland were today’s noteworthy initiations:
Citigroup initiated Smart Balance (NASDAQ: SMBL) with a Hold rating and $9 target, as they believe success of the company’s new products is not a foregone conclusion and prefers to wait for increased v…
Analyst initiations: IPCM, FCE.A and SINA
MOST NOTEWORTHY: IPC The Hospitalist Co, Forest City Enterprises and SINA Corp were today’s noteworthy initiations:
Jefferies believes IPC The Hospitalist Co (NASDAQ: IPCM) is well-positioned to grow rapidly in the next several years, as it takes advantage of many biological and acquisition-…
Analyst initiations: ASIA, WAL and GLAD
MOST NOTEWORTHY: AsiaInfo Holdings, Western Alliance Bancorp and Gladstone Capital were today’s noteworthy initiations:
Kaufman Bros. believes AsiaInfo Holdings (NASDAQ: ASIA) is the main provider of software to Chinese telecommunications firms, which they note are in the midst of a spending…
Analyst initiations: NVDA, ENTR and CLF
MOST NOTEWORTHY: Nvidia, Entropic Comm and Cleveland Cliffs were today’s noteworthy initiations:
Piper initiated Nvidia (NASDAQ: NVDA) with a Neutral rating and $23 target and believes the rate at which the company gained market share by the past two years is unsustainable. The firm expects …
Analyst initiations: NVS, WSII, AMCN and PAET
MOST NOTEWORTHY: Novartis, Waste Systems, AirMedia Group, and PAETEC Holding were today’s noteworthy initiations:
Novartis (NYSE: NVS) was initated with a Neutral at Cowen, which cited the company’s upcoming patent expirations.
Gabelli initiated Waste Systems (NASDAQ: WSII) with a Buy, as …
Analyst initiations: PSEM, STJ and CHINA
MOST NOTEWORTHY: Pericom, St. Jude Medical and CDC Corp were today’s noteworthy initiations:
B. Riley believes Pericom (NASDAQ: PSEM) is in the early stages of a product cycle-driven growth and feels shares are significantly undervalued at current levels. The firm started shares with a Buy r…
Analyst initiations: NBF, SABA and DAR
MOST NOTEWORTHY: Nova BioScience, Saba Software and Darling were today’s noteworthy initiations:
Jefferies initiated Nova BioSource Fuels (NYSE: NBF) with a Buy rating and $3.75 target, and finds the risk/reward appealing for biofuels investors as the company has more than 100M gallons of bi…
Before the bell: SIRI, ODP, YHOO, CBS, CC, SI, GS, MER …
Before the bell: Another day of gains ahead; input, earnings in the spotlight
Office Depot (NYSE: ODP) said its fiscal fourth-quarter profit slid 85% to $18.8 million, or 7 cents per share as sales fell 3% in North America. Adjusted earnings, though, were 10 cents per share compared with 51 cents…
Analyst initiations: APEI, AKAM and MEND
MOST NOTEWORTHY: American Public Education and Micrus Endovascular were today’s noteworthy initiations:
William Blair initiated American Public Education (NASDAQ: APEI) with an Outperform rating, as they believe the company is still in the early stages of its growth.
Gabelli believes Micru…
Analyst initiations: GMXR, GBCI and BRO
MOST NOTEWORTHY: GMX Resources, Glacier Bancorp and Brown and Brown were today’s noteworthy initiations:
Jefferies initiated GMX Resources (NASDAQ: GMXR) with a Buy rating and $40 target and believes the company’s valuation reduction to its NAV will narrow as management refocuses its efforts…
Analyst initiations: PRSP, MVO and BRLI
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…
Analyst initiations: Chesapeake, Brookfield Asset Management, Nile Therapeutics
MOST NOTEWORTHY: Chesapeake, Brookfield Asset Management and Nile Therapeutics were today’s noteworthy initiations:
Jefferies initiated Chesapeake Energy Corp. (NYSE: CHK) with a Buy rating and $54 target and thinks the company can post group-leading biological growth in production and reser…
Analyst initiations: SPSN, AUY and CRXX
MOST NOTEWORTHY: Spansion, Yamana Gold and Combinatrox were today’s noteworthy initiations:
Spansion (NASDAQ: SPSN) was initiated with a Buy rating and $5 target at CRT Capital. The firm expects a regular pricing environment and seasonal demand to improve financial and credit metrics towards…
Analyst initiations: MU, CHS and LCUT
MOST NOTEWORTHY: Micron, Chico’s FAS and Lifetime grades were today’s noteworthy initiations:
Oppenheimer assumed Micron (NYSE: MU) with an Outperform rating and $9.50 target, as they believe price declines in the DRAM market moderated in 2H of the December quarter and that concerns of overs…
