Analyst initiations: AIQ, CPN and CVLT

Posted Mar 27th 2008 12:45PM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

MOST NOTEWORTHY: Alliance Imaging, Calpine and CommVault were today's noteworthy initiations:

Stanford finds shares of Alliance Imaging (NYSE: AIQ) fairly valued and believes the company's transition to providing imaging services to hospitals from mobile imaging equipment to fixed imaging equipment will take at least several years. The firm initiated coverage with a Hold rating.
Calpine (NYSE: CPN) was initiated with a Buy rating and $21.50 target at Jefferies. The firm views Calpine as a low-cost valuation generation company and expects earnings growth from its Western and Texas power plants to drive improved results.
Cowen assumed CommVault (NASDAQ: CVLT) with a Neutral rating and sees limited upside to 2009 estimates due to sales and marketing investments, as well as competition.

OTHER INITIATIONS:

UBS initiated Omrix Biopharm (NASDAQ: OMRI) with a Buy rating and $17 target.
Susquehanna initiated Align Tech (NASDAQ: ALGN) with a Neutral rating.
Zions Bancorp (NASDAQ: ZION) was assumed with a Neutral rating and $13 target at Baird.

Tags: aiq, algn, align, alliance imaging, AllianceImaging, analyst, calpine, commvault, cpn, cvlt, initiation, omri, omrix, zion, zions