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MOST NOTEWORTHY: Learning Tree, Shengdatech and Cepheid were today's noteworthy initiations:
- B. Riley initiated Learning Tree (NASDAQ:LTRE) with a Buy rating and $24 target. The firm believes investors have an opportunity to invest in a compelling revenue growth/margin expansion story at reasonable multiples with the stock off recent highs.
- Merriman started Shengda Tech (NASDAQ:SDTH) with a Buy rating and points to the company's growing nano-particle business and the vast market expansion opportunities associated with this business.
- Stephens believes Cepheid (NASDAQ:CPHD) possesses a best-in-class platform for molecular diagnostic testing with a virtual monopoly in the molecular point of care market; shares were assumed with an Overweight rating and $32 target.
OTHER INITIATIONS:
- Visa (NYSE:V) was started at Morgan Keegan with a Market Perform rating.
- Morgan Stanley initiated Dr. Pepper Snapple (N YSE:DPS) with an Equal Weight rating and $30 target.
- Goldman initiated Kraft Foods (NYSE:KFT) with a Neutral rating.
