Analyst initiations: WNI, SI and PCLN
Posted Jul 10th 2008 11:45AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations
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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:
Tags: AMAT, analyst initiations, AnalystInitiations, inthenews, KLAC, LRCX, NVLS, PCLN, SI, SMBL, WNI
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