Analyst initiations 5-01-07: CACH, CHS, JPM and SIRF
Posted May 1st 2007 11:19AM by Kevin Shult
Filed under: Before the bell, JPMorgan Chase (JPM), Analyst initiations
MOST NOTEWORTHY: Chico's FAS (CHS), Cache, Inc (CACH), JPMorgan Chase & Co (JPM) and National City Corp (NCC) were today's noteworthy initiations:
- Thomas Weisel started Chico's FAS (NYSE: CHS) with a Market Weight rating and $26 target citing near-term mix pressure, lower margin potential and lower square footage growth.
- Thomas Weisel also initiated shares of Cache, Inc (NASDAQ: CACH) with an Overweight rating and $21 target, citing a significant sales opportunity driven by new categories and demographics.
- AG Edwards believes the risk/reward for JP Morgan & Chase Co (NYSE: JPM) is balanced, assuming coverage with a Hold rating.
OTHER INITIATIONS:
- Merriman initiated shares of Aware, Inc (NASDAQ: AWRE) with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, aware, awre, cach, cache, chico, chs, fla, florida east, FloridaEast, initiation, jp morgan, jpm, JpMorgan, national city, NationalCity, ncc, rating, sirf, SiRF tech, SirfTech, theflyonthewall.com, xfml, xinhua
Retailers can't wait for Black Friday, open Thursday
Tiffany's serves up solid quarterly earnings
Cramer on BloggingStocks: This bullish retail story looks like a good fit 
