Analyst initiations 6-08-07: Restaurants, CBG and JLL
Posted Jun 8th 2007 10:36AM by Eric Buscemi
Filed under: Analyst reports, McDonald's (MCD), 3M Corporation (MMM), Chipotle Mexican Grill'A' (CMG), Yum Brands (YUM), Analyst initiations
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MOST NOTEWORTHY: Restaurants,
CB Richard Ellis Group Inc (NYSE:
CBG) and
Jones Lang LaSalle Incorporated (NYSE:
JLL) were today's noteworthy initiations:
- Deutsche Bank initiated shares of McDonald's Corporation (NYSE: MCD) and Yum! Brands Inc (NYSE: YUM) with Buy ratings and a $61 target and $76 target, respectively, and shares of Panera Bread Company (NASDAQ: PNRA) and Chipotle Mexican Grill Inc (NYSE: CMG) with Hold ratings an a $54 target and $83 target, respectively.
- Wachovia initiated shares of CB Richard Ellis with an Outperform rating, as it views CBG as a compelling investment opportunity giving its leading position in the top real estate markets and breadth of services.
- Wachovia also initiated shares of Jones Lang LaSalle with an Outperform rating, as it expects JLL to benefit from international services given the increasing flow of real estate dollars across boarders and to less well developed regions of the globe.
OTHER INITIATIONS:
Tags: 3M, CB Richard Ellis, CBG, CbRichardEllis, Chipotle Mexican Grill, ChipotleMexicanGrill, CMG, CRM, ERIC, Ericsson, GameStop, GME, JLL, Jones, Jones Lang LaSalle, JonesLangLasalle, LaSalle, MCD, McDonald's, MMM, Panera, Panera Bread, PaneraBread, PNC, PNC Financial Services, PncFinancialServices, PNRA, salesforce, Salesforce.com, YUM, Yum Brands, YumBrands
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