Analyst initiations 9-10-07: AMD, HBHC, CLUB and GGB
Posted Sep 10th 2007 11:20AM by Eric Buscemi
Filed under: Analyst reports, Halliburton (HAL), Schlumberger Limited (SLB), Advanced Micro Dev (AMD), Analyst initiations, SanDisk Corp (SNDK)
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MOST NOTEWORTHY: Advanced Micro Devices, Hancock Holding, Town Sports and Gerdau SA were today's noteworthy initiations:
- Nollenberger started shares of Advanced Micro Devices (NYSE: AMD) with a Buy rating and $18 target. The firm believes the company's issues are widely known and already baked into the valuation and feels the Barcelona ramp and performance are likely ahead of expectations and demand for the latest family of ATI graphics is solid.
- B. Riley initiated shares of Hancock Holding Company (NASDAQ: HBHC) with a Buy rating of $43 target as the firm believes a higher premium is warranted given the company's superior growth prospects and conservative management profile.
- Town Sports International Holdings (NASDAQ: CLUB) was initiated with a Sector Outperformer and a $23 target at CIBC. The firm expects shares to be driven by improving fundamentals.
- Citigroup believes Gerdau SA's (NYSE: GGB) acquisition of Chaparral was expensive and will provide near-term headwinds for the stock, starting shares off with a Hold rating.
OTHER INITIATIONS:
Tags: advanced micro, AdvancedMicro, amd, analyst, baker hughes, BakerHughes, bhi, club, firm, gerdau, ggb, hal, halliburton, hancock holding, HancockHolding, hbhc, hcn, health care, HealthCare, initiation, micron, mu, sandisk, schlumberger, silicon motion, SiliconMotion, simo, slb, sndk, town sports, TownSports
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Reader Comments (Page 1 of 1)
9-12-2007 @ 12:16PM
Murray Scheck said...
BARCELONA AHEAD OF RAMP AND EXPECTATIONS?
Where did you get that idea, from Ruiz?
Chip debutes 6 months late. RAMP?
Chip speed running below AMD's predictions
So far all advertisements indicate mainly small server companies featuring Barcelona exclusively, HP and Dell still showing more Intel equipped servers than Barcelona equipped servers.