MOST NOTEWORTHY: Various apparel retailers were initiated at HSBC today: - AnnTaylor Stores Corp (NYSE: ANN), Urban Outfitters (NASDAQ: URBN) and Abercrombie & Fitch (NYSE: ANF) were initiated with Overweight ratings.
- American Eagle Outfitters (NYSE: AEO) and Chico's FAS (NYSE: CHS) were initiated with Neutral ratings.
- Limited Brands, Inc (NYSE: LTD) was started with an Underweight rating
- Cogent, Inc (NASDAQ: COGT) was initiated with a Buy rating and $17.50 target at Soleil to reflect the company's broadening customer base, which should provide a base level of growth.
- Piper Jaffray initiated VeraSun Energy (NYSE: VSE) with an Outperform rating and $23 target.
- Stifel initiated People's United FInancial (NASDAQ: PBCTD) with a Buy rating and $24 target.
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