Analyst initiations 7-18-07: AKAM, GT, RAIL and RSH

Posted Jul 18th 2007 11:31AM by Kevin Shult
Filed under: Before the bell, Analyst reports, RadioShack Corp (RSH), Analyst initiations, Akamai Technologies (AKAM), Goodyear Tire and Rubber (GT)

MOST NOTEWORTHY: Arthur J. Gallagher (AJG), Akamai Technologies (AKAM) and three railcar companies were today's noteworthy initiations:

• Citigroup believes Arthur J. Gallagher (NYSE: AJG) is at a disadvantage to smaller rivals who accept contingent commissions and lacks the global presence of larger competitors, and started shares with a Sell rating and $25 target.

• Friedman Billings believes Akamai (NASDAQ: AKAM) can leverage its broad product portfolio, global network deep pockets and extensive track record to remain the leader in the content delivery market, starting shares with an Outperform.

• Keefe Bruyette started coverage of three railcars with a Buy rating: Greenbrier (NYSE: GBX), Wabtec Corporation (NYSE: WAB) and FreightCar America (NASDAQ: RAIL)...

OTHER INITIATIONS:

• Citigroup started Goodyear Tire (NYSE: GT) with a Buy rating.

• CIBC initiated Praxair (NYSE: PX) with a Sector Performer rating.

• Crucell NV (NASDAQ:CRXL) was initiated with an Outperform rating at Lehman.

• FTN Midwest initiated RadioShack (NYSE: RSH) with a Neutral rating.

• Cowen initiated Penwest Pharmaceuticals (NASDAQ: PPCO) with an Outperform rating.

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

Tags: ajg, akam, akamai, analyst, arthur, crudell, crxl, freightcar, gbx, goodyear, greenbrier, gt, initiation, penwest, ppco, praxair, px, radioshack, rail, rating, rsh, theflyonthewall.com, wab, wabtec