Analyst initiations: TWTC, VRGY and EAT
Posted Apr 8th 2008 12:02PM by Eric Buscemi
Filed under: Analyst reports, Brinker Intl (EAT), Analyst initiations
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MOST NOTEWORTHY: Time Warner Telecom, Verigy and Brinker were today's noteworthy initiations:
- Friedman Billings expects Time Warner Telecom (NASDAQ: TWTC) to post free cash flow growth above consensus expectations and believes carrier spending-concerns are overdone. The firm initiated shares with an Outperform rating and $20 target.
- Oppenheimer initiated Verigy (NASDAQ: VRGY) with a Perform rating and $23 target, pointing to the company's tough year over year comps as PC unit growth slows in 2008 as well as its exposure to flash memory chips.
- Brinker (NYSE: EAT) was assumed with a Neutral rating at Suntrust, as they expect Chili's to continue to be impacted by weak consumer spending.
OTHER INITIATIONS:
- Baird assumed Ulta Salon (NASDAQ: ULTA) with an Outperform rating and $18 target.
- Lions Gate (NYSE: LGF) was initiated at Jefferies with a Hold rating and $10-$11 target.
- Landstar System (NASDAQ: LSTR) was initiated with a Market Perform rating at Morgan Keegan.
Tags: analyst, brinker, eat, initiation, landstar system, LandstarSystem, lgf, lions gate, LionsGate, lstr, time warner telecom, TimeWarnerTelecom, twtc, ulta, ulta salon, UltaSalon, verigy, vrgy
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