Analyst initiations: AMD, DGX, NWA and ODFL
Posted Aug 15th 2007 11:42AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Advanced Micro Dev (AMD), Analyst Initiations, Old Dominion Freight Line (ODFL), Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: Old Dominion Freight (ODFL), Jamba (JMBA), AMD (AMD), Orbitz Worldwide (OWW) and Quest Diagnostics (DGX) were today's notable initiations:
- Baird is positive on Old Dominion's (NASDAQ: ODFL) growth opportunities, valuation, 2008 improving truck fundamentals, and a potentially seasonally stronger Q4, starting shares with an Overweight rating and $36 target.
- Merriman initiated Jamba (NASDAQ: JMBA) with a Buy rating, as the company aggressively expands its store base beyond California.
- BMO Capital believes AMD (NYSE: AMD) may lose the Intel platform integrated graphics market, and sizeable Intel platform discrete graphics market share. The firm initiated AMD shares with an Underperform rating and $10 target.
- Soleil has concerns regarding Orbitz Worldwide's (NYSE: OWW) decelerating growth and poorer business mix vs. competitors and started shares with a Hold rating and $13 target.
- Credit Suisse initiated Quest Diagnostics (NYSE: DGX) with a Neutral rating and $61 target, citing the recent UnitedHealth (UNH) contract loss, slowing growth, and valuation for its Neutral rating...
OTHER INITIATIONS:
- JMP Securities started ShoreTel (NASDAQ: SHOR) with a Market Outperform rating.
- Credit Suisse initiated LabCorp (NYSE: LH) with an Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: amd, analyst, capella, cpla, dgx, initiation, jamba, jmba, labcorp, lh, mcdermott, mdr, nwa, odfl, old dominion, OldDominion, orbitz, oww, quest, rating, shor, shoretel
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