Analyst initiations 7-06-07: CACH, COOL and ID

Posted Jul 6th 2007 10:15AM by Kevin Shult
Filed under: Before the bell, Analyst initiations

MOST NOTEWORTHY: Majesco Entertainment (COOL), Glu Mobile (GLUU) and Cache, Inc (CACH) were today's noteworthy initiations:

Nollenberger believes Majesco Entertainment (NASDAQ: COOL) is an attractive turnaround story on track to start delivering accelerating revenue growth with expanding margins and started shares with a Buy rating and $3.00 target.

Nollenberger started Glu Mobile (NASDAQ: GLUU) with a Neutral rating, citing concerns about competitive pressures, summer seasonality, IPO lockup expiration and valuation.

JP Morgan's believes Cache Inc's (NASDAQ: CACH) initiatives, including loyalty and credit card programs, show the potential for longer term growth, but the uncertainty in the women's apparel space makes the company cautious, and started shares off with a Neutral rating...

OTHER INITIATIONS:

Bear Stearns started Haynes International (NASDAQ: HAYN) with an Outperform rating and L-1 Identity Solutions (NYSE: ID) with a Peer Perform rating.

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

Tags: analyst, cach, cache, cool, glu, gluu, hayn, haynes, id, identity, initiation, majesco, rating, theflyonthewall.com

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