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Analyst initiations 4-11-07: AKAM, CRM, INFY and SAPE initiated today

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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).
Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 08:12 PM

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