Analyst initiations 7-16-07: CECO, COCO, HLYS and UTI
Posted Jul 16th 2007 10:31AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades
MOST NOTEWORTHY: Heelys (HLYS), Audible (ADBL) and Response Genetics (RGDX) were today's most noteworthy initiations:
- Baird believes Heelys (NYSE: HLYS) is poised to report strong results through FY07, which is not reflected in current valuation, and started shares with an Outperform rating and $47 target.
- JMP Securities believes a growing number of consumers will opt to acquire books and physical CD audio books digitally over the internet and started shares of Audible (NASDAQ: ADBL) with an Outperform rating and $12.50 target.
- Caris believes Response Genetics' (NASDAQ: RGDX) diagnostics opportunity may represent a significant long-term growth driver and initiated shares with a Buy rating and $7.50 target...
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: adbl, analyst, apol, apollo, audible, career, ceco, coco, corinthian, devry, dv, esi, heelys, hlys, initiation, itt, rating, response, rgdx, stra, strayer, theflyonthewall.com, universal technical, UniversalTechnical, uti
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