Analyst initiations 11-6-06: Energy Partners and HB Fuller initiated with Buy

Posted Nov 6th 2006 10:46AM by Melly Alazraki
Filed under: Analyst Upgrades and Downgrades, International Business Machines (IBM)

MOST NOTEWORTHY: Energy Partners (EVEP) and HB Fuller (FUL) led a moderate initiation list Monday as the Dow and Nasdaq moved higher in early trading.

AG Edwards initiated EV Energy Partners (NASDAQ:EVEP) a Buy and a $22 target, as the firm likes the company's experienced management team, debt-free balance sheet, and low-risk development opportunities.
Keybanc initiated H.B. Fuller Co. (NYSE:FUL) with a Buy and $28 target, citing low manufacturing cost, portfolio mix and pricing power.
CE Unterberg initiated Shanda Interactive Entertainment Ltd. (NASDAQ:SNDA) with a Buy and $21 target, as the firm is positive on the company's new revenue model.

OTHER INITIATIONS:

UBS Investment initiated Ryanair (NASDAQ:RYAAY) with a Buy and a $60.41 target.
Finally, SG Cowen initiated International Business Machines Corp. (NYSE:IBM) with a Neutral, citing valuation and a lack of traction in its services unit for the rating.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: Energy Partners, EnergyPartners, evep, ful, HB Fuller, HbFuller, ibm, international business machines, InternationalBusinessMachines, ryaay, ryanair, shanda interactive, ShandaInteractive, snda