Analyst initiations 6-29-07: ASFI and CMG
Posted Jun 29th 2007 10:25AM by Kevin Shult
Filed under: Chipotle Mexican Grill'A' (CMG), Analyst Initiations
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MOST NOTEWORTHY: The educational services industry, the Latin American airlines sector,
Asta Funding Inc (NASDAQ:
ASFI) and
Chipotle Mexican Grill Inc (NYSE:
CMG) were today's noteworthy initiations:
- William Blair assumed coverage of Apollo Group Inc (NASDAQ: APOL) and Strayer Education Inc (NASDAQ: STRA) with Outperform ratings and Career Education Corporation (NASDAQ: CECO) with a Market Perform rating. The broker also assumed coverage and downgraded DeVry Inc (NYSE: DV) to Market Perform from Outperform.
- Goldman Sachs initiated coverage on Copa Holdings (NYSE: CPA) with a Buy rating and $88 target, GOL Linhas Aereas Inteligentes SA (NYSE: GOL) and TAM SA (NYSE: TAM) with Neutral ratings and Lan Airlines SA (NYSE: LFL) with a Sell rating and $93 target; Lan Airlines was also initiated at Morgan Stanley with an Overweight rating and $105 target.
- Asta Funding was initiated at Kaufman Brothers with a Buy rating and $55 target. The firm believes the company should grow earnings at a midpoint of 20% over time, with near-term growth at 15% and longer-term growth at 20%-25%.
- Citigroup initiated shares of Chipotle Mexican Grill with a Buy rating and $100 target, as the firm expects the company will see unit growth at a rate in the high-teens while experiencing above-average SSS and some margin expansion.
OTHER INITIATIONS:
Tags: analyst, apol, apollo, asfi, asta, career education, CareerEducation, cdc corp, CdcCorp, ceco, china, chipotle mexican grill, ChipotleMexicanGrill, cmg, copa, cpa, devry, dv, gol, initiation, jaz, jazz, lan airlines, LanAirlines, lfl, lmnx, luminex, pinnacle, pnk, stra, strayer, tam
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