Analyst initiations: Entertainment software, LUX and HNSN
Posted Oct 9th 2007 11:00AM by Eric Buscemi
Filed under: Analyst reports, Ford Motor (F), General Motors (GM), Electronic Arts (ERTS), Activision Inc (ATVI), Analyst initiations, Luxottica Group ADS (LUX)
MOST NOTEWORTHY: Entertainment software stocks, Luxottica and Hansen Medical were today's noteworthy initiations:
- Citigroup initiated Electronic Arts (NASDAQ: ERTS) and Activision (NASDAQ: ATVI) with Buy ratings and targets of $75 and $29, respectively; the firm initiated Take-Two (NASDAQ: TTWO) and THQ Inc (NASDAQ: THQI) with Hold ratings and targets of $23 and $34, respectively.
- Citigroup also started shares of Luxottica Group (NYSE: LUX) with a Buy rating. The firm believes the company can maintain its dominant market position given its house brands portfolio and early expansion into emerging markets.
- Merriman started shares of Hansen Medical (NASDAQ: HNSN) with a Buy rating and thinks the company's Sensei System could radically change the landscape of catheter based surgery. The firm believes the stock can trade to the $34-$41 range in 12-18 months.
OTHER INITIATIONS:
Tags: activision, advent software, AdventSoftware, advs, analyst, atvi, electonric arts, ElectonricArts, erts, f, fiserv, fisv, ford, general motors, GeneralMotors, gm, hansen medical, HansenMedical, hnsn, initiation, jack henry, JackHenry, jkhy, lux, luxottica, take-two, thq, thqi, ttwo
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