Analyst initiations: AAPL, PNRA and AMZN
Posted May 22nd 2008 11:20AM by Eric Buscemi
Filed under: Analyst reports, Apple Inc (AAPL), Amazon.com (AMZN), Staples Inc (SPLS), Analyst initiations
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MOST NOTEWORTHY: Apple, Panera Bread and Amazon.com were today's noteworthy initiations:
- Oppenheimer assumed coverage of Apple (NASDAQ:AAPL) with an Outperform rating and $235 target. The firm expects 3G iPhone demand to be better than the Street currently expects.
- Jefferies believes Panera Bread (NASDAQ:PNRA) can outperform Street expectations in 2009 and beyond given its operational initiatives and refined new unit development strategy. Shares were started with a Buy rating and $56 target.
- Amazon.com (NASDAQ:AMZN) was initiated with a Market Perform rating and William Blair. The firm believes the current investor optimism leaves little room for share upside in the near-term.
OTHER INITIATIONS:
- Citigroup initiated Staples (NASDAQ:SPLS) with a Buy rating and $28 target.
- Deutsche Bank initiated Starent Networks (NASADAQ:STAR) with a Buy rating and $21 target.
- Bidz.com (NASDAQ:BIDZ) was initiated at Merriman with a Buy rating.
Tags: aapl, amzn, analyst, bidz, initiation, inthenews, pnra, spls, star
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