Analyst initiations 8-23-07: AIZ, CRDN, DAVE and MRT
Posted Aug 23rd 2007 10:50AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst initiations, Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: Assurant (AIZ), Famous Dave's (DAVE), Trinity Industries (TRN), Spartan Stores (SPTN) and SiRF Technology (SIRF) were today's notable initiations:
- Wachovia believes Assurant (NYSE: AIZ) is a unique opportunity to profit from mortgage market turmoil through its force-placed homeowners business, initiating shares with an Outperform rating.
- Nollenberger initiated Famous Dave's (NASDAQ: DAVE) with a Buy rating and expects to see accelerated earnings growth over the next few years driven by: continued rollout of it's new "Smokehouse" unit format, growth of the off-premise catering and to-go business, and ramp in new development.
- Keybanc is positive on Trinity Industries' (NYSE: TRN) diversified product portfolio, market-leading positions, and long-term end market fundamentals, starting shares with an Aggressive Buy rating.
- Banc of America initiated Spartan Stores (NASDAQ: SPTN) with a Buy and believes the company should benefit from the roll-up of independent retail assets and the move toward a customer-centric operating model.
- Banc of America believes rising competitive pressures in PNDs will lead to significant market share erosion in 2008 and started SiRF Technology (NASDAQ: SIRF) with a Neutral rating...
OTHER INTIATIONS:
- Ceradyne (NASDAQ: CRDN) was initiated with a Hold rating at Morgan Joseph.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Tags: aiz, analyst, assurant, bancshares of florida, BancsharesOfFlorida, bofl, ceradyne, dave, dhx, dice, famous dave, FamousDave, initiation, morton, rating, sirf, sotn, spartan, tib, tibb, trinity, trn
Related Posts
Fog clearing - maybe. Clear skies - no! GE, JNJ, MRK, PG, RTN, WFC
Cramer on BloggingStocks: A fighting chance for the credit markets.
Should you sell into today's rally? Yes, if you think there are more surprises to come (I do)
