Analyst initiations: BOL, FFIV, MGI and STJ
Posted Aug 14th 2007 11:35AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Bausch and Lomb (BOL), Analyst Initiations, Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: MoneyGram (MGI), F5 Networks (FFIV), ARK Restaurants (ARKR), Nara Bancorp (NARA) and St. Jude Medical (STJ) were today's noteworthy initiations:
- AG Edwards initiated MoneyGram (NYSE: MGI) with a Buy rating because it believes the recent pullback in the shares provides an attractive entry point; Stephens started shares of MoneyGram with an Overweight rating, and believes the company is well positioned to create strong transactional growth and take market share.
- CIBC expects F5 Networks (NASDAQ: FFIV) to benefit from strong fundamentals in application networking solutions and started shares with a Sector Outperformer rating and $85 target.
- Morgan Joseph initiated ARK Restaurants (NASDAQ: ARKR) with a Buy rating and $43 target; they believe ARK is well positioned to benefit from strong SSS & earnings leverage given its strong store locations, wide ranging price points, and stable unit development pipeline.
- Sandler is positive on Nara Bancorp (NASDAQ: NARA), starting shares with a Buy rating and $17 target, based on the company's long-term prospects.
- ThinkEquity believes St. Jude Medical (NYSE: STJ) is poised to take market share in the ICD markets and started shares with a Buy rating and $56 target...
OTHER INITIATIONS:
- Banc of America initiated PharMerica (NYSE: PMC) with a Buy rating and $18 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, ark, arkr, bausch, bol, f5, ffiv, initiation, mgi, moneygram, nara, nippon, ntt, pharmerica, pmc, rating, sftbf, softbank, stj
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