Analyst initiations: Auto and auto parts sector, MRVL and FTI
Posted Sep 13th 2007 11:14AM by Eric Buscemi
Filed under: Analyst Reports, General Motors (GM), Palm Inc (PALM), Ruth's Chris Steak House (RUTH), Marriott Intl'A' (MAR), Analyst Initiations, Broadcom Corp'A' (BRCM), Marvell Technology Group (MRVL)
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MOST NOTEWORTHY: The auto and auto parts sector, Marvell Technology and FMC Technologies were today's noteworthy initiations:
- Citigroup initiated the auto and auto parts sector, and believes strong international growth provides selective opportunities. They upgraded General Motors Corporation (NYSE: GM) to Buy from Sell and Lear Corporation (NYSE: LEA) to Buy from Hold.
- Marvell Technology Group (NASDAQ: MRVL) was initiated with a Neutral rating by Bank of America, which believes the company's earnings power will be limited in FY09.
- FMC Technologies (NYSE: FTI) was assumed with an Overweight by JP Morgan, which believes that subsea development offers one of the best opportunities in the energy sector.
OTHER INITIATIONS:
Tags: analyst, brcm, broadcom, firm, fmc technologies, FmcTechnologies, fti, general motors, GeneralMotors, gm, initiation, lea, lear, mar, marriott, marvell, mrvl, palm, recommendation, ruth, ruth's chris, Ruth'sChris
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Reader Comments (Page 1 of 1)
9-13-2007 @ 12:21PM
lawrie mantwell said...
It's funny after faithfully serving the community at large as a fireman for many years my husband cannot get any service in return!
I need to get this off my chest, my husband and I purchased a Chevy Silverado Duramax Diesel 2500 with the Allsion Transmission. Being a fireman for over 22 years my husband knew any truck with the Allison trans had to be great!
Problem is we have had a total of four sets of injectors replaced in this truck, the last set only lasted little over 5600 hundred miles. Feeling frustrated we went to GM at the dealers suggestion and GM's only response was "sORRY YOU'RE UNHAPPY" they feel the truck has lived up to it's potential?
Each one of the GM dealerships that have worked on this truck say there is DEFINITELY A PROBLEM, they are not quite sure what this will do or has already done to other parts of the engine.
Can't sell it, can't trade it, We are just stuck!!!
88,000 miles on a diesel, and it's of no use to us. I am afraid to take it to the corner market!
We have purchased several GM products and feel with this particular truck we feel we have been treated VERY POORLY.
All we have ever wanted was for GM to stand behind their product. Consumers these days have several options and we opted to choose GM and American Made Vehicle and we have been left high and dry, feeling alone with a faulty truck!
Lawrie Mantwell
o2beclean@aol.com