Analyst initiations: DHT, COMV and CRDC

Posted Dec 6th 2007 11:19AM by Eric Buscemi
Filed under: Analyst Initiations

MOST NOTEWORTHY: Double Hull Tankers, Comverge and Cardica were today's noteworthy initiations:

Double Hull Tankers (NYSE: DHT) was initiated with a Buy rating and $20 target at Jefferies, as they believe shares are attractively valued given the company's time charter contract coverage and upside potential through profit sharing arrangement.
Broadpoint views Comverge (NASDAQ: COMV) as the industry leader in the high-growth demand response market. The firm assumed coverage with a Buy rating.
Oppenheimer expects Cardica's (NASDAQ: CRDC) proximal device, which is awaiting FDA approval, to change cardiothoracic surgery and that adoption should be rapid. The firm initiated shares with a Buy rating and $11 target.

OTHER INITIATIONS:

Bear Stearns started Brady Corp (NYSE: BRC) with a Neutral rating and $40 target.
Bill Barrett (NYSE: BBG) was initiated with a Market Perform rating and Morgan Keegan.
William Blair initiated LKQ (NASDAQ: LKQX) with a Market Perform rating.

Tags: bbg, brc, comv, crdc, dht, lkqx