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MOST NOTEWORTHY: Intellon, Memsic and MGM Mirage were today's noteworthy initiations:
- Jefferies believes Intellon (NASDAQ: ITLN) is well-positioned to benefit from increasing IPTV rollouts in Europe and Asia, as well as from additional consumer applications in the digital home. The firm assumed shares with a Buy rating and $9 target.
- Jefferies also initiated coverage of Memsic (NASDAQ: MEMS) with a Buy rating and $10 target, as they view the company as a compelling investment for investors seeking exposure to high-quality semiconductor companies benefiting from lower-cost China manufacturing.
- Banc of America initiated MGM Mirage (NYSE: MGM) with a Neutral rating and $76 target, as they are cautious on Las Vegas in 2008 due to decelerating U.S. gaming revenue growth and increasing Strip room supply growth between 2008-2010.
OTHER INITIATIONS:
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
Retailers can't wait for Black Friday, open Thursday
