Analyst initiations 6-25-07: CAP, CLR, ESS and LOGI

Posted Jun 25th 2007 11:26AM by Kevin Shult
Filed under: Before the Bell, Analyst Initiations

MOST NOTEWORTHY: CAI International (CAP), ATS Corp (ATCT), Logitech International (LOGI) and Wireless Ronin (RNIN) were today's more noteworthy initiations:

Piper Jaffray started CAI International (NYSE: CAP) with an Outperform rating and $18 target, believing the company is well positioned to capitalize on global trade growth. Jefferies started CAI Int'l with a Buy rating and $17 target.

CRT Capital believes ATS Corp's (NASDAQ: ATCT) risks are offset by positive long-term fundamentals of the federal IT services sector and the company's experienced management team and started shares with a Buy rating and $5 target.

Pacific Crest started Logitech International (NASDAQ: LOGI) with a Sector Perform rating based on valuation.

ThinkEquity believes that Wireless Ronin Technologies (NASDAQ: RNIN) is exposed to one of the biggest open-ended growth opportunities in digital media today with its RoninCast application and started shares with a Buy rating...

OTHER INITIATIONS:

Leerink Swann started Insulet Corp (NASDAQ: PODD) with an Outperform rating.

Goldman started Essex Property Trust (NYSE: ESS) with a Neutral.

Deutsche Bank and JP Morgan started Continental Resources (NYSE: CLR) with an Overweight rating, while Merrill Lynch started Continental Resources with a Buy rating.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: analyst, atct, ats corp, AtsCorp, cai internation, CaiInternation, cap, clr, continental resources, ContinentalResources, ess, essex, initiation, insulet, logi, logitech, podd, rating, rnin, theflyonthewall.com, wireless ronin, WirelessRonin