Analyst initiations: GOOG, CVS and FSLR

Posted Jul 11th 2008 11:05AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

MOST NOTEWORTHY: Google, CVS Caremark and First Solar were today's noteworthy initiations:

Deutsche Bank assumed Google (NASDAQ: GOOG) with a Buy rating and $635 target. The firm thinks the company's profit dollar growth should remain robust and finds the valuation attractive at current levels.
Jefferies believes CVS Caremark's (NYSE: CVS) competitive position and EPS upside opportunity should lead to significant equity appreciation. Shares were initiated with a Buy rating and $50 target.
Caris started First Solar (NASDAQ: FSLR) with a Buy rating and $350 target and points to the company's revenue growth from the expansion of thin film solar technology and technology leadership.

OTHER INITIATIONS:

RBC Capital initiated Cincinnati Financial (NASDAQ: CINF) and Hilb, Rogal & Hobbs (NYSE: HRH) with Sector Perform ratings and Argo Group (NASDAQ: AGII) and Odyssey Re (NYSE: ORH) with Outperform ratings.
Microsoft (NASDAQ: MSFT) was initiated at Credit Suisse with an Outperform rating and $35 target.
Wachovia assumed Scripps Networks Interactive (NYSE: SNI) with a Market Perform rating.