Analyst initiations: TPGI, NGLS, ARMHY, FNLY and KOF
Posted Oct 29th 2007 11:35AM by Eric Buscemi
Filed under: Analyst reports, Analyst initiations
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MOST NOTEWORTHY: Thomas Properties, Tanga Resource Partners, ARM Holdings, Finlay Enterprises and Coca-Cola Femsa were today's noteworthy initiations:
- Shares of Thomas Properties Group Inc (NASDAQ: TPGI) were initiated with a Neutral rating and $14 target at Banc of America. The firm has concerns over the lack of liquidity in the shares and considerable insider ownership levels.
- RBC Capital started shares of Targa Resource Partners LP (NASDAQ: NGLS) with an Outperform rating and $35 target, as they expect shares recover once financing is in place.
- Jefferies started shares of ARM Holdings PLC (NASDAQ: ARMHY) with a Buy rating, citing the company's new products, margin leverage, buybacks and royalties ramp.
- Finlay Enterprises Inc (NASDAQ: FNLY) was initiated with a Neutral rating and $4.80 target at B. Riley, citing integration and execution risks.
- Coca-Cola Femsa SA (NYSE: KOF) was started with a Buy rating at Gabelli, as they find the valuation attractive as the company's growth in key markets of , , and continues.
OTHER INITIATIONS:
Tags: ARM Holdings, ArmHoldings, ARMHY, Coca-Cola Femsa, Coca-colaFemsa, EDR, Education Realty Trust, EducationRealtyTrust, Finlay Enterprises, FinlayEnterprises, FNLY, initiations, KOF, NGLS, Targa Resource Partners, TargaResourcePartners, Thomas Properties, ThomasProperties, TPGI
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