Analyst initiations 6-15-07: CQB, DISH, DTV and RTEC
Posted Jun 15th 2007 10:31AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news
MOST NOTEWORTHY: Rudolph Technologies, Inc (RTEC), DirecTV Group, Inc (DTV), EchoStar Communications (DISH) and Legacy Reserves LP (LGCY) were today's more noteworthy initiations:
- AG Edwards started Rudolph Technologies, Inc (NASDAQ: RTEC) with a Buy rating, believing Rudolph's acquisition of August Technologies created additional market opportunities and recommends investors to build positions at these levels to participate in future growth.
- Stifel initiated DirecTV Group, Inc (NYSE: DTV) with a Buy rating and $28 target and EchoStar Communications (NASDAQ: DISH) with a Hold rating and $45 target. The firm prefers DirectTV to EchoStar given DirectTV's faster growing Latin America division, coming HD advantage, and greater likelihood of buybacks and views a merger between DISH & DTV as possible longer-term.
- Legacy Reserves (NASDAQ: LGCY) was started with a Buy rating at Oppenheimer, expecting Legacy to grow through acquisitions.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: abco, advisory board, AdvisoryBoard, analyst, chiquita, corporate executive board, CorporateExecutiveBoard, cqb, directv, dish, dtv, echostar, exbd, fcn, fti, legacy, rating, recn, resources, rtec, rudolph, theflyonthewall.com, upgrade
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