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:
- 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).