Analyst initiations 3-15-07: MasterCard & Domino's Pizza initiated today
Posted Mar 15th 2007 11:16AM by Kevin Shult
Filed under: Before the bell, MasterCard Inc'A' (MA), Domino's Pizza (DPZ), Analyst initiations
MOST NOTEWORTHY: MasterCard Inc (MA), Domino's Pizza, Inc (DPZ), STEC, Inc (STEC) were some of today's more notable initiations:
- Suntrust initiated MasterCard Inc (NYSE: MA) with a Buy rating and $130 target, believing the company is the best positioned to benefit from the secular shift from cash to e-payments at the point of sales.
- Domino's Pizza Inc (NYSE: DPZ) was initiated with an Outperform rating and $38 target at Friedman Billings.
- AG Edwards initiated STEC Inc (NASDAQ: STEC) with a Buy rating and $12 target. The firm feels shares are undervalued and that the company's growth profile and profitability should dramatically improve post-consumer business sale and revenue recognition change.
OTHER INITIATIONS:
- California Pizza Kitchen (NASDAQ: CPKI) was initiated with a Market Perform rating and $35 target at Friedman Billings.
- Stanford believes Watts Water Technologies, Inc (NYSE: WTS) is one of the more compelling names in the water infrastructure space and initiated shares with a Buy rating and $42 target.
- Morgan Keegan believes Horizon Lines Inc's (NYSE: HRZ) earnings potential has yet to be realized and initiated shares with an Outperform rating.
- Lazard initiated several solar power companies with Buy ratings: SunPower Corp (NASDAQ: SPWR), First Solar, Inc (NASDAQ: FSLR), Evergreen Solar, Inc (NASDAQ: ESLR) and Energy Conversion Devices, Inc (NASDAQ: ENER).
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, california, cpki, domino, dpz, ener, energy conversion, EnergyConversion, eslr, evergreen, first solar, FirstSolar, fslr, horizon, hrz, initiation, ma, mastercard, rating, spwr, stec, sunpower, theflyonthewall.com, watts water, WattsWater, wts