Analyst initiations 7-09-07: AAPL, DIOD, and FSLR
Posted Jul 9th 2007 10:54AM by Kevin Shult
Filed under: Before the bell, Apple Inc (AAPL), Analyst initiations
MOST NOTEWORTHY: Apple (AAPL), Spectranetics (SPNC), First Solar (FSLR) and Online Resources (ORCC) were today's noteworthy initiations:
- ThinkEquity believes Apple Inc (NASDAQ: AAPL) is one of the best-positioned hardware companies that can capitalize on the monetization of digital media consumption through PC, televisions and mobile devices. The firm transferred coverage with an Accumulate rating and $135 target.
- Roth Capital said atherectomy procedures continue to grow in the high-teens and that Spectranetics (NASDAQ: SPNC) should be able to exceed these growth rates with its ability to treat certain complicated lesions as well as through new product introductions. The firm started shares off with a Buy rating and $15 target.
- Deutsche Bank initiated shares of First Solar (NASDAQ: FSLR) with a Neutral rating and $90 target on valuation.
- CIBC started Online Resources (NASDAQ: ORCC) with a Sector Performer rating and $15 target, citing favorable risk/reward...
OTHER INITIATIONS:
- Diodes (NASDAQ: DIOD) was initiated with a Buy rating at LongBow.
- Covidien (NYSE: COV) was initiated at Morgan Stanley with an Overweight rating and $49 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: aapl, aaple, apple, first solar, FirstSolar, fslr, online resources, OnlineResources, orcc, spectranetics, spnc
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