Analyst initiations: TSCM, GLW and AERO

Posted Jan 4th 2008 11:49AM by Eric Buscemi
Filed under: Analyst Initiations

MOST NOTEWORTHY: TheStreet.com, Corning and AeroGrow were today's noteworthy initiations:

ThinkEquity believes TheStreet.com (NASDAQ:TSCM) has solid growth prospects and sees catalysts from the integration of Promotions.com, expansion into new verticals, and new syndication deals. The firm intiiated shares with a Buy rating and $18 target.
Corning (NYSE:GLW) was initiated with a Buy rating and $31 target at Jefferies, as they believe the LCD industry is positioned for healthy trends in 2008 and beyond.
AeroGrow (NASDAQ:AERO) was initiated with a Buy rating at Merriman, as they believe infomercials, catalog mailers and the company's website should enhance product visibility, driving higher sales across all distribution channels as well as brand awareness.

OTHER INITIATIONS:

Baird started Pennant Park (NASDAQ:PNNT) with an Outperform rating and $13 target.
Spansion initiated Under Armour (NYSE:UA) with an Overweight rating and $55 target.
UBS started Johnson & Johnson (NYSE:JNJ) with a Buy rating.

Tags: AERO, analyst initiations, AnalystInitiations, GLW, JNJ, PNNT, TSCM, UA