MOST NOTEWORTHY: DealerTrack, Healthcare Realty Trust and the employment services sector were today's noteworthy initiations:
- Suntrust believes DealerTrack (NASDAQ:TRAK) is in the stages of significantly increasing penetration of dealers, finance companies, and aftermarket providers with its leading suite of transaction and subscription based solutions. The firm started shares with a Buy rating and $61 target.
- Jefferies resumed coverage of Healthcare Realty Trust (NYSE:HR) with a Buy rating and $28 target, as they believe the company is well-positioned to benefit from the superior long-term growth trends for outpatient services.
- Credit Suisse initiated the employment services sector with a Market Weight rating, citing economic uncertainty and downside EPS risk. The firm initiated Manpower (NYSE:MAN) with an Outperform rating and $73 target and HireRight (NASDAQ:HIRE) with a Neutral rating and $13 target.
OTHER INITIATIONS:
- CVS Caremark (NYSE:CVS) was initiated with a Market Perform rating and $45 target at BMO Capital.
- JP Morgan initiated Plug Power (NASDAQ:PLUG) with an Underweight rating and California Pizza (CPKI) with a Neutral rating.