Analyst initiations: BMC, SMOD and ENTR
Posted Jun 20th 2008 11:25AM by Eric Buscemi
Filed under: Analyst Reports, Lockheed Martin (LMT), Analyst Initiations, General Dynamics Corp (GD), Northrop Grumman (NOC)
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MOST NOTEWORTHY: BMC Software, Smart Modular and Entropic Comm were today's noteworthy initiations:
- Stanford initiated BMC Software (NYSE: BMC) with a Buy rating and $45 target. The firm highlights the company's broad product portfolio and configuration management database leadership and thinks margin expansion should continue.
- ThinkPanmure assumed Smart Modular (NASDAQ: SMOD) with an Accumulate rating and $5.50 target. The firm expects better DRAM pricing but expects SMOD to experience some headwinds with Hewlett-Packard (HPQ) losing share in the server market.
- Broadpoint expects Entropic Comm (NASDAQ: ENTR) to benefit from the adoption of applications that allow video through numerous devices, especially high definition and data content. Shares were started with a Buy rating and $6 target.
OTHER INITIATIONS:
Tags: bmc, entr, gd, ice, ipi, lmt, noc, smod
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