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MOST NOTEWORTHY: Seaspan, Vodafone, Telefonica and 8x8 Inc. were today's noteworthy initiations:
- Jefferies believes shares of Seaspan (NYSE: SSW) are attractively valued at current levels given the company's large modern fleet of containerships and "excellent" earnings and cash flow visibility; shares were initiated with a Buy rating and $33 target.
- Vodafone (NYSE: VOD) and Telefonica (NYSE: TEF) were assumed with Outperform ratings at Bernstein, as they believe their mobile growth will be stronger than expected.
- Kaufman Bros. believes 8x8 Inc. (NASDAQ: EGHT) is on the cusp of posting sustainable profitability and could be an attractive acquisition candidate. The firm started shares with a Buy rating and $2 target.
OTHER INITIATIONS:
- Goldman initiated Ford (NYSE: F) with a Neutral rating.
- Sensient Tech (NYSE: SXT) was started withan Outperform rating and $36 target at Oppenheimer.
- Friedman Billings assumed Prudential FInancial (NYSE: PRU) with a Market perform rating and $86 target.
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
Reader Comments (Page 1 of 1)
4-16-2008 @ 8:39AM
warren said...
ford has another car maker looking at a takeover or merge and it's not toyota, vw