Analyst initiations: TSS, CPLP and AHT

Posted Mar 17th 2008 11:09AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

MOST NOTEWORTHY: Total Systems, Capital Products Partners and Ashford Hospitality were today's noteworthy initiations:

Stephens initiated Total Systems (NYSE: TSS) with an Overweight rating and $28 target. The firm thinks investor concerns about the negative impact of economic weakness are overdone.
JP Morgan believes Capital Products' (NASDAQ: CPLP) fixed-rate contract coverage and fixed operating costs should provide stable cash distributions to unit holders. The firm assumed coverage with an Overweight rating.
Ashford Hospitality (NYSE: AHT) was initiated at UBS with a Buy rating and $7 target.

OTHER INITIATIONS:

Bank of Kentucky (OTC: BKYF) was initiated with an Outperform rating and $29 target at Baird.
Morgan Stanley initiated Longs Drug Stores (NYSE: LDG) with an Equal Weight rating.

Tags: aht, analyst, ashford, bank of kentucky, BankOfKentucky, bkyf, capital products, CapitalProducts, cplp, initiation, ldg, longs drug stores, LongsDrugStores, total systems, TotalSystems, tss