Analyst initiations: TLEO, HTS and HLIT
Posted Jun 5th 2008 11:38AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations
MOST NOTEWORTHY: Taleo, Hatteras Financial and Harmonic were today's noteworthy initiations:
- Baird initiated Taleo (NASDAQ:TLEO) with a Neutral citing uncertainty regarding the integration plan and financial guidance regarding the Vurv acquisition.
- Wachovia believes Hatteras Financial (NYSE:HTS) is well-positioned to capitalize on opportunities in the Agency RMBS sector given the steep yield curve & slow mortgage payments, low expense structure, and Agency-only strategy. Shares were initiated with an Outperform rating.
- Brean Murray expects Harmonic (NASDAQ:HLIT) to benefit from an increased competitive environment among cable, telco, and satellite operators and their need for encoding and video stream processing equipment. Shares were assumed with a Buy rating and $13 target.
OTHER INITIATIONS:
Tags: analyst initiations, AnalystInitiations, GEL, GPX, HLIT, HTS, NSC, TLEO