Analyst initiations 6-26-07: AAPL, CMG, GOOG, YHOO and VCLK
Posted Jun 26th 2007 10:50AM by Kevin Shult
Filed under: Before the bell, Google (GOOG), Yahoo! (YHOO), Apple Inc (AAPL), Chipotle Mexican Grill'A' (CMG), Analyst initiations, ValueClick Inc (VCLK)
MOST NOTEWORTHY: Google (GOOG), Yahoo! (YHOO), Apple (AAPL), Cash Systems (CKNN) and Citrix (CTXS) were today's noteworthy initiations:
- Oppenheimer believes Google Inc (NASDAQ: GOOG) is the largest beneficiary of the secular growth trends in Internet advertising and transitioned coverage with a Buy rating and $625 target.
- Oppenheimer also believes the current price of Yahoo! (NASDAQ: YHOO) is an attractive entry point given the company's number one position in display advertising and the recent successful launch of Panama. The firm transitioned coverage of Yahoo! with a Buy rating and $34 target.
- RBC Capital sees continued upside for Apple Inc (NASDAQ: AAPL) based on achieving its 10M goal for iPhone, upside from Mac momentum and maintaining iPod/iTunes dominance helped by new products, and started shares with an Outperform rating and $160 target.
- Merriman believes Cash Systems (NASDAQ: CKNN) is positioned to gain meaningful share in the casino cash access industry through the near-term introduction of powercash and started shares with a Buy rating.
- Friedman Billings believes Citrix's (NASDAQ: CTXS) latest Presentation Server product release has some near-term risk given raised prices and initiated shares with a Market Perform rating and $35 target...
OTHER INITIATIONS:
- ValueClick (NASDAQ: VCLK) was initiated at Oppenheimer with a Buy rating.
- First Albany initiated coverage of dELiA's (NASDAQ: DLIA) with a Neutral rating.
- Banc of America initiated coverage of Jefferies Group (NYSE: JEF) with a Buy rating and $34 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: aapl, analyst, apple, cash systems, CashSystems, chipotle, citrix, cknn, cmg, ctxs, delia, dlia, goog, google, initiation, jef, jefferies, rating, smith micro, SmithMicro, smsi, theflyonthewall.com, valueclick, vclk, yahoo, yhoo
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