Analyst initiations 4-16-07: Nintendo started with an Overweight at JP Morgan
Posted Apr 16th 2007 10:52AM by Kevin Shult
Filed under: Before the Bell, Analyst Initiations
MOST NOTEWORTHY: Nintendo Co, Ltd (NTDOY) and FuelCell Energy, Inc (FCEL) were the only noteworthy initiations in today's modest-sized list:
- JP Morgan started Nintendo Ltd (OTC: NTDOY) with an Overweight rating.
- Lazard initiated shares of FuelCell Energy (NASDAQ: FCEL) with a Buy rating and $11 target, as the firm believes the company has the best bookings prospects in its history.
OTHER INITIATIONS:
- Discovery Holding Co (NASDAQ: DISCA) was initiated at Pali Research with a Buy rating and $25.50 target. Pali said Discovery now appears committed to developing unique,"on-brand" proprietary content across all its cable networks that it can exploit through an increasing number of distribution platforms; Pali added that this is a company that no longer feels compelled to be in every country around the globe.
- Pacific Crest initiated shares of Vocus, Inc (NASDAQ: VOCS) with an Outperform rating and $28 target, as the firm believes the company has a strong competitive position.
- Cowen initiated Medivation, Inc (NASDAQ: MDVN) with a Neutral rating based on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, disca, discovery, fcel, fuelcell, initiation, mdvn, medivation, nintendo, ntdoy, rating, theflyonthewall.com, vocs, vocus
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