Analyst initiations 5-31-07: Best Buy, Circuit City initiated

MOST NOTEWORTHY: Roo Group (RGRP) Best Buy (BBY), Circuit City Stores (CC) and several healthcare companies were today's noteworthy initiations:

ROO Group (OTCBB: RGRP) was initiated with a Buy rating and $3.50 target at Cantor. The firm believes the company is one of the few pure-play online video public investment opportunities for investors today.
Best Buy (NYSE: BBY) and Circuit City Stores (NYSE: CC) were initiated at FTN Midwest with a Buy rating and Neutral rating, respectively.
LifePoint Hospitals (NASDAQ: LPNT), Community Health Systems (NYSE: CYH), Tenet Healthcare (NYSE: THC) and MedCath Corp. (NASDAQ: MDTH) were all initiated with Hold ratings at AG Edwards. AG Edwards also initiated shares of Universal Health Services (NYSE: UHS) with a Buy rating and $72 target, citing the company's strong patient volume growth and favorable reimbursement trends.

OTHER UPGRADES:

Famous Dave's of America (NASDAQ: DAVE) was initiated with a Buy rating at Feltl & Co.
Needham initiated shares of RadiSys Corp. (NASDAQ: RSYS) with a Buy rating and $17 target, as it expects the company to benefit from the development of standards-based embedded solutions.
Atmel Corp. (NASDAQ: ATML) was initiated with a Buy rating and $7.50 target at American Technology.
Genomic Health (NASDAQ: GHDX) was initiated with an Outperform rating at Leerink Swann.
Delta Air Lines (NYSE: DAL) was initiated with a Buy rating and $24 target at Soleil.
Banc of America initiated shares of Hertz Global Holdings (NYSE: HTZ) with a Buy rating and $27 target.