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MOST NOTEWORTHY: iRobot, Felcor Lodging and Office Max were today's noteworthy initiations:
- Stanford initiated iRobot (NASDAQ: IRBT) with a Buy rating and $18 target and believes better-than-expected military robot sales will allow the company to beat 2008 consensus estimates.
- Felcor Lodging (NYSE: FCH) was initiated at Keefe Bruyette with a Market Perform rating and $12.50 target. The firm believes material upside is unlikely given the company's above average suburban and airport exposure.
- Soleil assumed Office Max (NYSE: OMX) with a Hold rating and $17 target, as they believe macroeconomic challenges and heightened competition will limit near-term upside in the stock.
OTHER INITIATIONS:
- Broadcom (NASDAQ: BRCM), Marvell Tech (NASDAQ: MRVL) and Nvidia (NASDAQ: NVDA) were initiated with Outperform ratings at Cowen.
- Knot Inc. (NASDAQ: KNOT) was started with an Outperform rating at William Blair.
- Deutsche Bank initiated Cardtronics (NASDAQ: CATM) with a Buy rating and $13 target.
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