Analyst initiations 5-30-07: Delta Air Lines, Dell initiated
Posted May 30th 2007 11:38AM by Melly Alazraki
Filed under: Dell (DELL), Avery Dennison Corp (AVY), Analyst Initiations, Delta Air Lines (DAL)
MOST NOTEWORTHY: PennantPark (PNNT), Delta Air Lines (DAL) and several insurance companies were today's noteworthy initiations:
- PennantPark Investment Corp. (NASDAQ: PNNT) was initiated with a Buy rating and $17 target at Jefferies. The finds shares compelling given the potential dividend growth and book multiple expansion. PennantPark was also initiated at Keefe Bruyette with an Outperform rating and $18 target, at Banc of America with a Buy rating and $16 target and at Friedman Billings with an Outperform rating and $17 target.
- Delta Air Lines Inc. (NYSE: DAL) was initiated at Bear Stearns with a Peer Perform rating and at Cathay Financial with an Outperform rating.
- Banc of America initiated RenaissanceRe Holdings Ltd. (NYSE: RNR) with a Buy rating and Montpelier Re Holdings Ltd. (NYSE: MRH) and IPC Holdings Ltd. (NASDAQ: IPCR) with Neutral ratings.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: avery dennison, AveryDennison, avy, dal, dell, delta air lines, DeltaAirLines, fll, full house resorts, FullHouseResorts, ipc, ipcr, laco, lake entertainment, LakeEntertainment, mcri, mntg, monarch casino, MonarchCasino, montpelier re, MontpelierRe, mrh, mtr gaming, MtrGaming, pennantpark, pnnt, renaissancere rnr, RenaissancereRnr, steel dynamics, SteelDynamics, stld
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