Analyst initiations: ENP, EXBD, FCN and GLDD
Posted Oct 12th 2007 11:08AM by Eric Buscemi
Filed under: Analyst reports, Cisco Systems (CSCO), Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Analyst initiations
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MOST NOTEWORTHY: Encore Energy, Corporate Executive Board, FTI Consulting and Great Lakes Dredge were today's noteworthy initiations:
- Stanford believes shares of Encore Energy Partners LP (NYSE: ENP) are reasonably valued, and started shares with a Hold rating and $20.50 target.
- The Corporate Executive Board Company (NASDAQ: EXBD) was initiated with a Neutral at Baird, as they have concerns regarding the slowing economy near-term.
- Baird also started shares of FTI Consulting Inc (NYSE: FCN) with an Outperform rating and a $64 target, as they believe the company is well-positioned for continued strong growth driven by positive macro demand and specific company drivers.
- Banc of America initiated Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD) with a Neutral rating and $10 target. The firm believes near-term visibility is closed by an unsettled Army Corps/domestic funding policy and is looking for a more attractive valuation.
OTHER INITIATIONS:
Tags: BJ, BJ's Wholesale, Bj'sWholesale, Cisco Systems, CiscoSystems, Corporate Executive Board, CorporateExecutiveBoard, COST, Costco, Costco Wholesale, CostcoWholesale, CSCO, Encore Energy, EncoreEnergy, ENP, EXBD, FCN, FTI Consulting, FtiConsulting, GLDD, Great Lakes Dredge, GreatLakesDredge, inthenews, Target, Target Corp, TargetCorp, TGT, Wal-Mart, Wal-Mart Stores, Wal-martStores, WMT
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