MOST NOTEWORTHY: WMS Industries, GSI Commerce and LSB Industries were today's noteworthy initiations:
- William Blair believes WMS Industries (WMS) should continue to gain market share for new slot machine placements. Shares were initiated with an Outperform rating.
- Susquehanna is positive on GSI Commerce's (GSIC) secular growth in eCommerce, recent expansion overseas, and cross selling opportunities. The firm assumed shares with a Positive rating.
- Roth Capital initiated LSB Industries (LXU) with a Buy rating and $25 target. The firm believes the company's HVAC products offer some of the highest efficiencies in the industry and that the recent escalation in energy prices increases the emphasis on such products.
OTHER INITIATIONS:
- Foot Locker (FL) was initiated with a Hold rating and $12 target at Sterne Agee.
- Lehman started Hughes (HUGH) with an Overweight rating and $70 target.
- American Water Works (AWK) was initiated at Merrill with a Buy rating and $25 target.