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MOST NOTEWORTHY: Smart Balance, Cascal NV and Ashland were today's noteworthy initiations:
- Citigroup initiated Smart Balance (NASDAQ: SMBL) with a Hold rating and $9 target, as they believe success of the company's new products is not a foregone conclusion and prefers to wait for increased visibility before becoming more positive on the name.
- JP Morgan believes Cascal NV (NYSE: HOO) will leverage its global scale and expertise in water infrastructure markets to drive 25% annual EPS growth through 2010. The firm has an Overweight rating on the stock.
- Ashland (NYSE: ASH) was started with a Positive rating as Susquehanna, as they are positive on ASH's earnings power. The firm views shares as a compelling risk/reward opportunity.
OTHER INITIATIONS:
- Broadpoint assumed SuccessFactors (NASDAQ: SFSF) with a Strong Buy rating and $12 target.
- Morgan Stanley initiated Fastenal (NASDAQ: FAST) with an Equal Weight rating and $40 target.
- RBC Capital started Ultra Petroleum (NYSE: UPL) with a Sector Perform rating and $80 target.
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Reader Comments (Page 1 of 1)
5-18-2008 @ 10:08AM
S.L. Hunt said...
Just started watching Smart Balance, although I've
used it for years. Anyone think it could be the next Hain in its infancy? Thoughts?
Sandra