Analyst initiations 2-08-07: Sirius & XM Satellite initiated at Wedbush

Posted Feb 8th 2007 11:34AM by Kevin Shult
Filed under: Before the Bell, XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Trump Entertainment Resorts (TRMP), Alcatel-LucentADS (ALU), Genentech Inc (DNA), Analyst Initiations

MOST NOTEWORTHY: XM Satellite Radio Holdings Inc (XMSR), Sirius Satellite Radio Inc (SIRI) and Pediatrix Medical (PDX) were today's most notable initiations:

Wedbush initiated XM Satellite Radio Holdings Inc (NASDAQ: XMSR) with a Hold rating and $15 target, expecting a few tough quarters due to market share loss.
Wedbush also initiated shares of Sirius Satellite Radio Inc (NASDAQ: SIRI) with a Buy rating and $5 target. The firm believes Q4 subscriber tallies suggest market share gains to over 60% in retail channels.
Pediatrix Medical (NYSE: PDX) was initiated with a Top Pick rating and $60 target at RBC. The firm believes Pediatrix could experience accelerating growth over the next several years due to adding anesthesiology to its core newborn franchise.

OTHER INITIATIONS:

Rochdale initiated Maxwell Tech Inc (NASDAQ: MXWL) with a Buy rating and $20 target.
AG Edwards started Genentech Inc (NYSE: DNA) with a Hold rating, as the firm believes shares are fairly valued.
Trump Entertainment Resorts Inc (NASDAQ: TRMP) was started with a Buy rating at Goldman Sachs.
Deutsche Bank initiated Ariba Inc (NASDAQ: ARBA) with a Buy rating and $12 target.
Alcatel-Lucent ADS (NYSE: ALU) was initiated with a Peer Perform at Bear Stearns.