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MOST NOTEWORTHY: Schiff Nutrition, Siemens and Priceline.com were today's noteworthy initiations:
- B. Riley assumed Schiff Nutrition (NYSE:WNI) with a Buy rating and $7.75 target. The firm believes downside is limited given the company's balance sheet and cash flows and sees opportunity for market share gains.
- Morgan Stanley initiated Siemens (NYSE:SI) with an Overweight rating and is positive on the company's revenue diversification and planned headcount reductions.
- Stanford believes Priceline.com (NASDAQ:PCLN) is positioned to benefit as consumers shift to the Internet and the company's bargain prices to make travel plans. Shares were initiated with a Buy rating and $140 target.
OTHER INITIATIONS:
Reid Hoffman: LinkedIn will go public (at some point)
Retailers can't wait for Black Friday, open Thursday
Tiffany's serves up solid quarterly earnings
