MOST NOTEWORTHY: The only company that topped today's list of initiations was
Armstrong World Industries Inc (NYSE:
AWI).
- Oppenheimer initiated Armstrong, whom they consider a relatively undiscovered, asbestos-related post-bankruptcy company, with a Buy rating and $55 target. They believe Armstrong could aggressively deliver its already conservative balance sheet and ultimately repurchase shares.
OTHER INITIATIONS:
- General Motors Corp (NYSE: GM) was reinstated at Morgan Stanley with an Equal-Weight rating.
- Cowen initiated Level 3 Communications Inc (NASDAQ: LVLT) with an Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Get the latest on
cars and
trucksfrom GM and all brands at AOL Autos.
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
