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Analyst initiations: iRobot, Felcor Lodging, Office Max

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:

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Last updated: October 15, 2008: 09:46 PM

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