Analyst initiations 5-16-07: AXP, CROX, EK, MA and URBN

Posted May 16th 2007 11:45AM by Kevin Shult
Filed under: Before the Bell, American Express (AXP), MasterCard Inc'A' (MA), Eastman Kodak (EK), Analyst Initiations, Crocs Inc (CROX), Urban Outfitters (URBN)

MOST NOTEWORTHY: Crocs, Inc (CROX), Plantronics, Inc (PLT), MasterCard Inc (MA) and American Express Co (AXP) top Wednesday's noteworthy list:

JP Morgan started Crocs Inc (NASDAQ: CROX) with an Overweight rating based on the company's strong growth model.

JMP Securities upgraded Plantronics Inc (NYSE: PLT) with a Market Perform citing price competition and visibility in the speaker market.

MasterCard Inc (NYSE: MA) was started with an Underweight rating at Thomas Weisel citing concerns regarding increased pressure from bank issuing partners regarding fees and reduced cross border pricing benefits. Additionally,

Thomas Weisel started American Express Co (NYSE: AXP) with an Overweight rating, expecting increased card issuance migration and merchant migration due to increased pressure on bank fees and increasing consumer demand for rewards...

OTHER INITIATIONS:

Stifel started Microsemi Corp (NASDAQ: MSCC) with a Buy rating and $28 target.

JP Morgan initiated shares of Deckers Outdoor Corp (NASDAQ: DECK) with an Overweight rating.

Goldman started Eastman Kodak Co (NYSE: EK) with a Neutral rating.

Soleil initiated shares of Urban Outfitters, Inc (NASDAQ: URBN) with a Buy rating.

United Therapeutics Corp (NASDAQ: UTHR) was initiated with a Sector Outperformer rating and $83 target at CIBC.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: american express, AmericanExpress, analyst, axp, crocks, crox, deck, deckers, eastman kodak, EastmanKodak, ek, initiation, ma, mastercard, microsemi, mscc, plantronics, plt, rating, theflyonthewall.com, united thera, UnitedThera, urban outfitters, UrbanOutfitters, urbn, uthr

Print this

Reader Comments (Page 1 of 1)

5-16-2007 @ 12:57PM

Ira Lee Newlander said...

Of course Goldman started Kodak with a neutral. Did you expect much enthusiasm for an imaging company whose annual report is image-deprived?
Come on, Folks. Show us that you care.
That's my take, but you decide.
Ira Lee Newlander,
www.we-report.com