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Analyst initiations: Google, Boyd Gaming, Microsoft

MOST NOTEWORTHY: Google, Boyd Gaming and Microsoft were today's noteworthy initiations:

  • Kaufman Bros. believes Google (NASDAQ: GOOG) has "only begun to scratch the surface" of its local market opportunity. Shares were assumed with a Buy rating and $680 target.
  • Banc of America believes Boyd Gaming (NYSE: BYD) will face financing challenges with its Echelon resort, and initiated shares with a Sell rating and $14 target.
  • Lehman reinstated Microsoft (NASDAQ: MSFT) with an Equal Weight rating and $34 target based on peaking Vista/Office 2007 cycles, uncertain online strategy, and increased investment.

OTHER INITIATIONS:

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Last updated: July 04, 2008: 07:04 PM

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