Analyst initiations 5-21-07: ARRS, CWTR, PUB and SIRF
Posted May 21st 2007 11:12AM by Kevin Shult
Filed under: Before the Bell, Analyst Initiations
MOST NOTEWORTHY: ColdWater Creek Inc (CWTR), Celadon Group, Inc (CLDN), Berry Petroleum Co (BRY), SiRF Technology Holdings Inc (SIRF) were today's noteworthy initiations:
- Brean Murray started shares of Coldwater Creek (NASDAQ: CWTR) with a Buy rating and $25 target, expecting second-half upside from new merchandise this year.
- Keybanc is positive on Celadon's (NASDAQ: CLDN) disciplined approach to strategic acquisitions and leverage in its operating model, starting shares with a Buy rating and $20 target.
- CRT Capital believes Berry Petroleum (NYSE: BRY) has the ability to continue to deliver double digit percentage production/reserves growth and started shares with a Buy rating and $40 target.
- American Technology believes SiRF Technology Holdings (NASDAQ: SIRF) will continue to be a market leader in GPS chipsets and finds the company's wireless business undervalued, starting shares with a Buy rating and $26 target...
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: ambassadors, amie, analyst, arris, arrs, betty, bry, capella, celadon, cldn, coldwater, cpla, cwtr, initiation, jav, javelin, pub, publicis, rating, sirf, tehflyonthewall.com
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