Analyst initiations: NBF, SABA and DAR

Posted Feb 26th 2008 11:25AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

MOST NOTEWORTHY: Nova BioScience, Saba Software and Darling were today's noteworthy initiations:

Jefferies initiated Nova BioSource Fuels (NYSE: NBF) with a Buy rating and $3.75 target, and finds the risk/reward attractive for biofuels investors as the company has more than 100M gallons of biodiesel capacity slated to come onstream by 2009.
B. Riley expects Saba Software's (NASDAQ: SABA) renewed focus on profitability to drive substantial EPS and free cash flow expansion in FY09. The firm started shares with a Buy rating and $6 target.
Stephens believes Darling International (NYSE: DAR) shares offer a solid commodity cycle and an attractive renewable fuels opportunity and initiated shares with an Overweight rating and $17 target..

OTHER INITIATIONS:

Elizabeth Arden (NASDAQ: RDEN) was initiated with a Market Perform rating at Wachovia.
Goldman initiated Nuance Communications (NASDAQ: NUAN) with a Neutral rating and $20 target.
Morgan Stanley initiated ARM Holdings (NASDAQ: ARMHY) with an Equal Weight rating.

Tags: analyst, arden, arm holdings, ArmHoldings, armhy, dar, darling, initiation, nbf, nova, nuan, nuance, rden, saba