Analyst initiations 7-25-07: BIOF, ERTS and TTWO
Posted Jul 25th 2007 11:33AM by Kevin Shult
Filed under: Analyst reports, Electronic Arts (ERTS), Analyst initiations
MOST NOTEWORTHY: VeraSun Energy (VSE), BioFuel Energy (BIOF), Electronic Arts (ERTS) and Take-Two Interactive Software (TTWO) were today's noteworthy initiations:
- Citigroup initiated shares of VeraSun Energy (NYSE: VSE) and BioFuel Energy with Buy ratings, as the firm believes the ethanol industry is reaching an inflection point as profitability should be much improved in 2008.
- BioFuel (NASDAQ: BIOF) was also initiated with a Hold rating at AG Edwards on valuation and an Overweight rating at JP Morgan, who believes BioFuel has good growth prospects but trades at a discount relative to peers.
- Electronic Arts (NASDAQ: ERTS) was initiated with a Neutral rating at Cowen, citing the company's rich valuation and mixed growth outlook.
- Cowen resumed coverage of Take-Two Interactive Software (NASDAQ: TTWO) with an Outperform rating, as the firm believes TTWO is positioned for a strong 2H07 given the Grand Theft Auto IV and other titles...
OTHER INITIATIONS:
- Banc of America initiated shares of Charming Shoppes (NASDAQ: CHRS) with a Neutral rating and $11 target.
- Raymond James initiated shares of Geokinetics (AMEX: GOK) with a Market Perform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Tags: biof, biofuel, cdc, charming, chelsea, china, chtp, electronic arts, ElectronicArts, erts, geokinetics, gok, kg, king, take-two, ttwo, verasun, vse
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