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
Twitter finally reveals revenue ambition, wants to be Google -- but not yet
Google says: Chrome for Christmas
Why is gold marching higher? Ask the central bankers
