Analyst initiations: HLF, LVLT and SNDK
Posted Aug 3rd 2007 10:32AM by Kevin Shult
Filed under: Analyst reports, Analyst initiations, Level 3 Communications (LVLT), SanDisk Corp (SNDK)
MOST NOTEWORTHY: SanDisk (SNDK), Indevus Pharmaceuticals (IDEV), Integra LifeSciences (IART) and Level 3 Communications (LVLT) were today's noteworthy initiations:
- SanDisk (NASDAQ: SNDK) was initiated with a Neutral rating at Cowen, as the firm believes it could face challenges in Q4 NAND flash memory demand given supply.
- Shares of Level 3 Communications (NASDAQ: LVLT) were initiated at Raymond James with an Underperform rating, as the firm believes estimates will be difficult to achieve given high debt levels and free cash flow.
OTHER INITIATIONS:
- Goldman Sachs started shares of Herbalife (NYSE: HLF) with a Buy rating and $50 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, fed, firstfed, herbalife, iart, idev, indevus, initiation, integra, level 3, Level3, lvlt, rating, sandisk, silicon, simc, sndk, spansion, spsn, stec, ueic, universal
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