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MOST NOTEWORTHY: Drugstore.com, Sycamore and Aflac were today's noteworthy initiations:
- Kaufman Bros. believes Drugstore.com (NASDAQ: DSCM) is well-positioned for long-term growth and significant margin expansion, led by share gains in the OTC and prestige beauty verticals. The firm started shares with a Buy rating and $3.25 target.
- Merriman initiated Sycamore (NASDAQ: SCMR) with a Neutral rating and prefers to be on the sidelines given the company's concentrated customer base and lack of clarity on strategic priorities and ongoing business operations.
- SunTrust Robinson expects the Aflac's (NYSE: AFL) cancer insurance policies in Japan to benefit from concerns about the national health system. Shares were assumed with a Buy rating and $79 target.
OTHER INITIATIONS:
- Caris initiated Mylan (NYSE: MYL) with a Buy rating and $18 target.
- NetSuite (NYSE: N) was assumed with a Hold rating and $22 target at Deutsche Bank.
- Stanford initiated Time Warner (NYSE: TWX) with a Buy rating and $20 target.
