Analyst initiations 8-01-07: BX and FTE


MOST NOTEWORTHY: Blackstone Group (BX) was today's noteworthy initiation:
  • Blackstone Group (NYSE: BX) was initiated at a host of firms:
    • The company was initiated at Deutsche Bank with a Buy rating and $33 target, at Lehman Brothers with an Overweight rating and $32 target, at Wachovia with a Market Perform rating, at Morgan Stanley with an Overweight rating and $31 target and at FBCO with an Outperform rating.
    • Banc of America initiated shares of Blackstone with a Buy rating and $38 target, noting that Blackstone has generated in good times and in bad.
    • Citigroup also initiated Blackstone shares with a Buy rating and $36 target, as the firm believes Blackstone is a diversified franchise with tremendous growth prospects.
OTHER INITIATIONS:
  • Societe Generale reinstated shares of France Telecom (NYSE: FTE) with a Buy rating.
  • Canaccord Adams initiated shares of Teton Energy (AMEX: TEC) with a Buy rating and $8 target and shares of Penn Virginia (NYSE: PVA) with a Buy rating and $43 target.
  • Rodman & Renshaw initiated shares of Home Solutions (NASDAQ: HSOA) with a Market Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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Last updated: May 22, 2012: 05:17 AM

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