Analyst initiations: CC, BBY, COT and OIIM
Posted Oct 26th 2007 11:20AM by Eric Buscemi
Filed under: Analyst Reports, Best Buy (BBY), Circuit City Stores (CC), Analyst Initiations, VeriFone Holdings (PAY)
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MOST NOTEWORTHY: Circuit City, Best Buy, COTT Corp and o2 Micro were today's noteworthy initiations:
- Wachovia started shares of Circuit City Stores Inc (NYSE: CC) with a Market Perform rating, citing low visibility into near-term fundamentals and low conviction in EPS.
- The firm also started shares of Best Buy Incorporated (NYSE: BBY) with a Market Perform rating, citing low visibility into holiday sales and product margin trends and valuation.
- Gabelli started COTT Corporation (NYSE: COT) with a Hold rating, as they believe the company's Q3 was disappointing. The firm thinks COTT lacks pricing power, and would look for margin improvement and successful non-carbonated soft drink penetration from the company before recommending the stock
- Thomas Weisel started shares of o2 Micro International Limited (NASDAQ: OIIM) with an Overweight rating and $24 target. The firm believes the company is in good position to compete in the high growth markets of power management, advanced lighting and security and surveillance
OTHER INITIATIONS:
Tags: BBY, Best Buy, BestBuy, CC, Circuit City, CircuitCity, COT, COTT Corp, CottCorp, Gasco Energy, GascoEnergy, GSX, Heartland Payment Systems, HeartlandPaymentSystems, HPY, initiations, O2 Micro, O2Micro, OIIM, PAY, SSI, Stage Stores, StageStores, Total System Services, TotalSystemServices, TSS, VeriFone Holdings, VerifoneHoldings
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
