Analyst initiations: NUVA, BWLD and IVZ

Posted Apr 3rd 2008 11:36AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

MOST NOTEWORTHY: NuVasive, Buffalo Wild Wings and Invesco were today's noteworthy initiations:

Merriman believes NuVasive's (NASDAQ:NUVA) expanding product and distribution should continue to drive growth and feels the recent pullback provides a good entry point into shares. Merriman started NuVasive with a Buy rating.
Buffalo Wild Wings (NASDAQ:BWLD) was initiated at Jefferies with a Hold rating and $30 target as they believe consensus estimates are aggressive and that shares are approaching fair valuation.
William Blair believes Invesco's (NYSE:IVZ) investment capabilities and diversified client base are key differentiators that will drive superior relative growth over the long term; shares were assumed with an Outperform rating.

OTHER INITIATIONS:

Baird initiated XenoPort (NASDAQ:XNPT) with an Outperform rating and $74 target.
KeyBanc assumed Felcor Lodging (NYSE:FCH) with a Buy rating and $14 target.
Trimble Navigation (NASDAQ:TRMB) was initiated at Thomas Weisel with a Market Weight rating and $30 target.

Tags: analyst, buffalo wild wings, BuffaloWildWings, bwld, falcor lodging, FalcorLodging, fch, initiation, invesco, ivz, nuva, nuvasive, trimble, trmb, xenoport, xnpt