MOST NOTEWORTHY: Salesforce.com, Inc (CRM), B&G Foods, Inc (BGF), Akamai Technologies, Inc (AKAM), Infosys Technologies Ltd (INFY) and Sapient Corp (SAPE) were today's more notable initiations:
- Bernstein started Salesforce.com Inc (NYSE: CRM) with an Outperform rating and $58 target. The firm believes CRM has the highest growth potential for revenues through 2012.
- Credit Suisse initiated B&G Foods Inc (NYSE: BGF) with an Underperform rating and $20 target.
- Akamai Technologies Inc (NASDAQ: AKAM) was initiated with a Buy rating and $68 target at Citigroup. The firm believes the recent pullback provides an attractive entry point and has confidence in AKAM's ability to deliver sustainable revenue growth of 35%-45% over the next few years.
OTHER INITIATIONS:
- CIBC started Triumph Group (NYSE: TGI) with a Sector Outperformer rating and $68 target.
- Wedbush initiated shares of Big Lots, Inc (NYSE: BIG) with a Hold rating and $30 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).