Analyst initiations 11-24-06: Acme Packet with Buy

Posted Nov 24th 2006 10:58AM by Melly Alazraki
Filed under: Analyst upgrades and downgrades

Most Noteworthy: Acme Packet (APKT) and Ultrapetrol (ULTR) were the only two initiations on today's list.

Acme Packet, Inc. (NASDAQ:APKT) was initiated at ThinkEquity with a Buy and $20 target and initiated at Credit Suisse First Boston with an Outperform and $21 target, both firms cited the emerging Session Border Controller market as the reason for their positive ratings.
Ultrapetrol (Bahamas) Ltd. (NASDAQ:ULTR) was initiated at Jefferies & Co. with a Buy and $16 target due to its attractive valuation and exposure to the high growth in the South American river barge trade and the expanding PSV market.

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

Tags: acme packet, AcmePacket, apkt, ultr, Ultrapetrol

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