Analyst initiations 4-30-07: BGFV, CVS, IGT, IHP and RATE
Posted Apr 30th 2007 11:17AM by Kevin Shult
Filed under: Before the bell, CVS Corp (CVS), Analyst initiations
MOST NOTEWORTHY: Today's more noteworthy initiations included International Game Technology (IGT), Big 5 Sporting Goods Corp (BGFV), CVS/Caremark Corp (CVS) and IHOP Corp (IHOP):
- Jefferies assumed coverage of International Game Tech (NYSE: IGT) with a Buy rating and $47 target citing an attractive risk/reward.
- Big 5 Sporting Goods (NASDAQ: BGFV) was started with a Sector Performer rating and $33 target at CIBC, expecting shares to be driven by an operating margin recover and improving cash flows.
- CVS/Caremark Corp (NYSE: CVS) was reinstated with an Overweight rating at Lehman Brothers and resumed with an Overweight rating at Morgan Stanley.
- JP Morgan believes the rough environment, growing competition and valuation warrants IHOP Corp (NYSE: IHP) to start with a Neutral rating.
OTHER INITIATIONS:
- American Technology initiated shares of Bankrate, Inc (NASDAQ: RATE) with a Buy rating and $48 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: altu, altus, analyst, bankrate, bgfv, big 5, big five, Big5, BigFive, caremark, igt, ihop, ihp, initiation, international game tech, InternationalGameTech, rate, rating, T-3, theflyonthewall.com, ttes, united online, UnitedOnline, untd, vanda, vcs, vnda
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Reader Comments (Page 1 of 1)
4-30-2007 @ 4:02PM
Shing said...
With regard to CVS/Caremark, investors have the chance to set the example and stand up against corporate fraud at its annual meeting on May 9. Roger Headrick and Lance Piccolo should be removed from the CVS/Caremark Board of Directors. While serving on Caremark%u2019s board, both Headrick and Piccolo received suspicious option grants, and the company is now under investigation by the SEC and the Department of Justice. Removing Headrick and Piccolo will send a signal to CVS/Caremark and other companies that shareholders won%u2019t tolerate directors who cozy up to management.
5-03-2007 @ 2:04PM
blue sun said...
I am no expert at stock selection - but it seems to me that if cvs was unable to achieve its attempt to buy back shares at 35 dollars recently then they are obviously worth more in the eys of the shareholders - also the attempt to defrock a couple of directors because they made a better deal for cvs when buying caremark than owners of caremark stock felt should of happened - makes me think that even those guys who are complaining are part of a good deal now they own cvs - or am i missing something