Analyst initiations: MU, CHS and LCUT
Posted Feb 15th 2008 11:18AM by Eric Buscemi
Filed under: Analyst initiations
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MOST NOTEWORTHY: Micron, Chico's FAS and Lifetime Brands were today's noteworthy initiations:
- Oppenheimer assumed Micron (NYSE: MU) with an Outperform rating and $9.50 target, as they believe price declines in the DRAM market moderated in 2H of the December quarter and that concerns of oversupply are already priced into shares.
- Stanford believes shares of Chico's FAS (NYSE: CHS) will remain under pressure over the next three to six months given the adverse economic conditions and the company's "less-than-exciting" fashion assortment. The firm started shares with a Hold rating and $10 target.
- Lifetime Brands (NASDAQ: LCUT) was initiated with a Neutral rating at SunTrust. The firm prefers to wait for greater visibility on the U.S. consumer spending environment before becoming more constructive on the name.
OTHER INITIATIONS:
Tags: Chico's FAS, Chico'sFas, CHS, ESL, Esterline Technologies, EsterlineTechnologies, LCUT, Lifetime Brands, LifetimeBrands, Micron, MU, Spansion, SPSN, WOR, Worthington
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