Analyst initiations 5-04-07: BONT & LMT
Posted May 4th 2007 11:14AM by Kevin Shult
Filed under: Before the Bell, Lockheed Martin (LMT), Analyst Initiations
MOST NOTEWORTHY: Lockheed Martin (LMT), CastlePoint Holdings, Ltd (CPHL) and OraSure Technologies, Inc (OSUR) were today's notable upgrades:
- Matrix USA started Lockheed Martin (NYSE: LMT) with a Strong Buy rating, believing steady demand from defense spending and communications systems is allowing the company to continue to build impressive fundamental trends.
- Piper believes CastlePoint'sHoldings Ltd (NASDAQ: CPHL) relationship with Tower Group allows it immediate access to a high quality book of business, strong relationships in the industry and the ability to efficiently place capital overnight. Piper Jaffray stated shares of CastlePoint with an Outperform rating and a $20 target.
- Lazard started Orasure Technologies Inc (NASDAQ: OSUR) with a Buy rating and $12 target based on new production launches and new CDC HIV testing guidelines...
OTHER INITIATIONS:
- Roth Capital transferred coverage of Web.com, Inc (NASDAQ: WWWW) with a Buy rating and $8 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, bon-ton, bont, castle, city national, CityNational, cphl, cyn, grant, grp, initiation, lmt, lockheed, orasure, osur, rating, theflyonthewall.com, web.com, wwww
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