Analyst initiations 4-09-07: Akamai Tech & Take-Two Interactive initiated today

Posted Apr 9th 2007 11:07AM by Kevin Shult
Filed under: Analyst Initiations, Akamai Technologies (AKAM)

MOST NOTEWORTHY: NDS Group plc (NNDS), Payless ShoeSource, Inc (PSS), Southern Union Co (SUG) and Take-Two Interactive Software, Inc (TTWO) were today's noteworthy initiations:

B. Riley believes NDS Group (NASDAQ: NNDS) is in an attractive space with 42M digital TV subscribers, increasing competition between TV service providers and declining digital deployment costs, starting shares with a Buy rating and $66.50 target.
KeyBanc McDonald initiated shares of Payless ShoeSource Inc (NYSE: PSS) with a Buy rating and $42 target.
Calyon started Southern Union Co (NYSE: SUG) with a Buy rating and $38 target and sees positive catalysts over the next 12-18 months, including a potential takeover or monetization and the formal creation of an MLP.
Take-Two Interactive Software (NASDAQ: TTWO) was started with a Hold rating at Needham. The firm finds it unlikely that shares will outperform until new management sets forth their new plan, which is expected to take 3-6 months.

OTHER INITIATIONS:

Credit Suisse imitated Akamai Technologies, Inc (NASDAQ: AKAM) with an Outperform rating and $65 target.
American Technology believes Cadence Pharmaceuticals, Inc's (NASDAQ: CADX) two late-stage products fill an important, unmet medical need and started the company with a Buy rating and $24 target.
UBS started shares of NuStar GP Holdings, LLC (NYSE: NSH) with a Neutral rating and $30 target.
TeleTech Holdings, Inc (NASDAQ: TTEC) was initiated with a Buy rating at Merrill Lynch.