Analyst initiations 4-24-07: ADM, QSFT, NSM, MXIM and UTX initiated today
Posted Apr 24th 2007 11:52AM by Kevin Shult
Filed under: Before the bell, Archer-Daniels-Midland (ADM), Analyst initiations, United Technologies (UTX)
MOST NOTEWORTHY: Four analog semiconductors, Archer Daniels Midland Co (ADM) and United Technologies Corp (UTX) were today's more noteworthy initiations:
- Archer Daniels Midland Co (NYSE: ADM) was initiated with a Neutral rating at Banc of America based on expected declines in ethanol margins. JP Morgan started shares with an Overweight rating.
- United Technologies (NYSE: UTX) was started with a Strong Buy rating at Matrix USA with a $90 intrinsic value...
OTHER INITIATIONS:
- Merrill Lynch started BigBand Networks, Inc (NASDAQ: BBND) with a Neutral rating, ThinkEquity started shares with an Accumulate rating and $19 target, Jefferies started them with a Buy rating and Cowen started shares with an Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: adi, adm, analog, archer daniel, ArcherDaniel, linear, lltc, mazi, mazim, mxim, national semi, NationalSemi, nsm, qsft, quest, regal, rgc, united tech, UnitedTech, utx
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