Analyst initiations 2-28-07: Burker King started with a flame-broiled Buy at AG Edwards
Posted Feb 28th 2007 11:29AM by Kevin Shult
Filed under: Before the Bell, Research in Motion (RIMM), Alcatel-LucentADS (ALU), Burger King Hldgs (BKC), Analyst Initiations
MOST NOTEWORTHY: Research in Motion Ltd (RIMM), BE Aerospace Inc (BEAV) and Burger King Holdings (BKC) were some of today's more notable initiations.
- JMP Securities started Research in Motion Ltd (NASDAQ: RIMM) with a Market Perform rating as the firm has concerns about RIMM's enterprise-focused prospects in the hits driven, high-end consumer market.
- Wachovia initiated BE Aerospace Inc (NYSE: BEAV) with an Outperform rating, expecting significant growth in its core businesses.
- AG Edwards started Burger King Holdings (NYSE: BKC) with a Buy rating and $25 target. The firm believes Burger King has improved fundamentals and robust future earnings potential after years of turnaround efforts.
OTHER INITIATIONS:
- Raymond James initiated AnnTaylor Stores (NYSE: ANN) with an Outperform rating, Urban Outfitters (NASDAQ: URBN) with a Strong Buy rating and Charlotte Russe Holding (NASDAQ: CHIC) with a Market Perform rating.
- Caris started Medtronic, Inc (NASDAQ: MDT) with a Buy rating and $61 target.
- ThinkEquity initiated Gaming Partners International (NASDAQ: GPIC) with a Buy rating.
- Morgan Stanley initiated Alcatel-Lucent (NYSE: ALU) with an Equal-Weight rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: alcatel, alu, analyst, ann, anntaylor, be aero, BeAero, beav, bkc, burger king, BurgerKing, charlotte, chic, gaming partners int, GamingPartnersInt, gpic, initiation, lucent, mdt, medtronic, rating, research in motion, ResearchInMotion, rimm, theflyonthewall.com, urban outfitters, UrbanOutfitters, urbn
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