Analyst initiations: STP, FSLR, STD, INAP and NTGR
Posted Oct 23rd 2007 12:21PM by Eric Buscemi
Filed under: Analyst reports, Google (GOOG), Yahoo! (YHOO), Analyst initiations, Suntech Power Hldgs ADS (STP)
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MOST NOTEWORTHY: Suntech Power, First Solar, Banco Santander, Internap and NetGear were today's noteworthy initiations:
- Merriman initiated shares of Suntech Power (NYSE: STP) with a Buy rating and believes the company is benefiting from strong worldwide demand for solar PV technology. The firm suggests a potential 12-month stock price range of $56-$64.
- Merriman also started shares of First Solar (NASDAQ: FSLR) with a Sell rating, as they believe the company's market is limited to ground-based systems because of its cadmium-based technology, which they feel could lead to environment concerns over time.
- Deutsche Bank resumed coverage of Banco Santander (NYSE: STD) with a Buy rating. The firm is positive on the bank's agreement with ABN Amro (NYSE: ABN) and feels the company has a lack of exposure to risky assets.
- Jefferies believes Internap (NASDAQ: INAP) is well-positioned with its suite of services to address a rapidly growing market, starting shares off with a Buy rating and $20 target.
- Nollenberger believes NetGear (NASDAQ: NTGR) provides a pure-play opportunity to capitalize on the global penetration of broadband connectivity. The firm resumed coverage with a Buy rating and $36 target.
OTHER INITIATIONS:
Tags: analyst, banco santander, BancoSantander, first solar, FirstSolar, fslr, goog, google, grey wolf, GreyWolf, gw, inap, initiation, internap, nabors, nbr, netgear, ntgr, parket drilling, ParketDrilling, patterson-uti, pkd, pten, std, stp, suntech, yahoo, yhoo
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