Analyst initiations: OMPI, MSCC, MRO and ENP
Posted Oct 22nd 2007 11:00AM by Eric Buscemi
Filed under: Analyst reports, Darden Restaurants (DRI), Analyst initiations
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MOST NOTEWORTHY: Obagi Medical, Medical, Microsemi, Marathon Oil and Encore Energy were today's noteworthy initiations:
- Obagi Medical Products (NASDAQ: OMPI) was initiated with a Positive rating at Susquehanna, as they like Obagi's growth opportunity in the aesthetics-dermatology market and views the company as an interesting take-out target for a larger specialty pharmaceutical company.
- Montgomery believes Microsemi Corporation's (NASDAQ: MSCC) core business is on track and gaining momentum based on leverage in both high-reliability and high-performance analog. The firm started shares with a Buy rating and $34 target.
- Goldman initiated Marathon Oil Corporation (NYSE: MRO) with a Buy rating and $72 target, as they view Marathon as most favorably leveraged refining company and would use seasonal weakness in refining margins as a buying opportunity.
- RBC Capital sees a large opportunity for Encore Energy Parners (NYSE: ENP) to grow its reserves from internal negotiated transactions from its parent, Encore Acquisition Companies (NYSE: EAC), starting shares off with an Outperform rating and $26 target.
OTHER INITIATIONS:
Tags: analyst, darden, dct, dri, eac, encore energy, EncoreEnergy, enpi, inititation, marathon oil, MarathonOil, mgic, microsemi, mro, mscc, mtg, obagi, ompi, radian, rdn
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