Analyst initiations 4-10-07: ESRX, JBHT and NYX were initiated today
Posted Apr 10th 2007 11:31AM by Kevin Shult
Filed under: Analyst initiations
MOST NOTEWORTHY: The pharmacy benefit managers sector, financials E*Trade Financial Corp (ETFC) and TD Ameritrade Holding Corp (AMTD) and transports J.B. Hunt Transport Services (JBHT) and Knight Transportation (KNX) were today's most noteworthy initiations:
- CIBC is positive on the pharmacy benefit managers group given increasing generic utilization, continued growth in specialty pharmacy, improving mail-order penetration and share repurchases. CIBC initiated Express Scripts, Inc (NASDAQ: ESRX) with a Sector Outperformer and $104 target as the firm expects continued strong performance as the company benefits from positive secular industry trends, and initiated Medco Health Solutions (NYSE: MHS) with a Sector Performer and $82 target on valuation.
- BMO capital started E*Trade Financial Corp (NASDAQ: ETFC) and TD Ameritrade Holdings Corp (NASDAQ: AMTD) with Outperform ratings.
- Cathay Financial started J.B. Hunt Transport (NASDAQ: JBHT) and Knight Transportation (NYSE: KNX) with Neutral ratings.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Tags: ameritrade, amtd, analyst, e trade, esrx, etfc, ETrade, express scripts, ExpressScripts, hunt, initiation, jbht, knight transportation, KnightTransportation, knx, la Jolla, LaJolla, LJPC, medco, mhs, NYSE, nyx, rating, schw, schwab, theflyonthewall.com
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