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Analyst initiations: AVAV, AOB and INTC

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MOST NOTEWORTHY: AeroVironment, American Oriental and Intel were today's noteworthy initiations:
  • Suntrust initiated AeroVironment (NASDAQ: AVAV) with a Buy rating and $32 target and expects AVAV's market leadership in unmanned aerial systems and increased effort in the high altitude to drive strong organic growth.
  • Jefferies believes American Oriental (NYSE: AOB) is capable of making sizable acquisitions given its strong cash position and finds the valuation attractive at current levels. The firm started shares with a Buy rating and $20 target.
  • Intel (NASDAQ: INTC) was initiated with a Neutral rating and $30 target at Baird on valuation.
OTHER INITIATIONS:
Symbol Lookup
IndexesChangePrice
DJIA+16.9310,450.64
NASDAQ+5.102,174.28
S&P 500+2.811,108.46

Last updated: November 25, 2009: 01:03 PM

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