Analyst initiations 6-27-07: BEN, BLK, CMCSA, PHM and RYL
Posted Jun 27th 2007 10:55AM by Kevin Shult
Filed under: Before the bell, Comcast Cl'A' (CMCSA), Analyst initiations
MOST NOTEWORTHY: Genesit Energy LP (GEL), EnerNoc (ENOC) and Comcast (CMCSA) were today's noteworthy initiations:
- Genesis Energy (AMEX: GEL) was initiated with a Buy rating and $40 target at Stanford, as the firm believes the company's affiliation with Denbury Resources and pending acquisition of petroleum products, terminals, and transportation businesses from the Davison family will drive rapid growth.
- EnerNoc Inc (NASDAQ: ENOC) was initiated with a Hold rating and $42 target at Jefferies, due to valuation. EnerNoc was also initiated at Morgan Stanley with an Equal Weight rating and $40 target.
- Stifel expects Comcast (OTC: CMCSA) to benefit from higher penetration levels of DVR and HDTV set-top boxes over the next several years and initiated shares with a Buy rating and $34 target.
OTHER INITIATIONS:
- Select asset managers were initiated at Credit Suisse:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: ab, affiliated, alliancebernstein, amg, analyst, ben, blackrock, blk, calamos, clms, cmcsa, comcast, eaton, enernoc, enoc, ev, federated, fig, fii, fortress, franklin, gel, genesis, initiations, invesco, ivz, janus, jns, legg, lm, meritage, mth, phm, pulte, rating, rowe price, RowePrice, ryl, ryland, theflyonthewall.com, trow, waddell, wdr
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