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Analyst initiations: CBS, EGN and RVBD

MOST NOTEWORTHY: Pacer Int'l (PACR), ComScore (SCOR), Riverbed Technology (RVBD) and CBS Corp (CBS) were today's noteworthy initiations:
  • William Blair believes Pacer Int'l (NASDAQ: PACR) is in a favorable industry, with growth-specific opportunities and short-term concerns and started shares with a Market Perform rating.
  • William Blair starting ComScore (NASDAQ: SCOR) with an Outperform rating, believing the online marketing research sector will have 20%+ growth over the next 3-5 years.
  • Nollenberger believes Riverbed (NASDAQ: RVBD) is positioned to gain market share and is a technology and product leader, starting shares with a Buy rating and $55 target. BMO
  • Capital initiated CBS Corp (NYSE: CBS) with an Outperform and expects the stock is $1.74/share for 2007 and $2.03 in 2008 with upside should there be a levered buyback...
OTHER INITIATIONS:
  • SMH Capital initiated Energen (NYSE: EGN) with a Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Engadget Index up $19.20 on first day 'trading'

Wall Street has the DJIA, Silicon Valley, the NASDAQ. Now gadget-happy geeks everywhere (yes, we resemble that remark) have their own benchmark: The Engadget Index. Announced today, our friends over at Engadget have assembled an assortment of their 50 favorite gadget stocks.



And today, on its first day of "trading," the Engadget Index was up $19.20 to $1552.94. Marked by especially good results from Sony Corporation (ADR) (NYSE:SNE) (up $1.54, or 3.78$, to $42.30) and Sprint Nextel Corporation (NYSE:S) (up $1.18, a whopping 6.66%, to $18.90), Logitech International SA (ADR) (NASDAQ:LOGI) (up $1.15, 4.58%, to $26.27), and Garmin Ltd. (NASDAQ:GRMN) (up $1.96, 3.70%, to $54.87). Advanced Micro Devices, Inc. (NYSE:AMD), up 3.22% to $21.50, is also worth mentioning.

Only one stock in the new index was down any noticeable amount: NEC Corporation (ADR) (NASDAQ:NIPNY), down 19 cents or 3.54% to $5.24.

All in all, a great first day! Did Engadget have any impact on these stocks? Would you have chosen differently? Head over to Engadget and weigh in.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 07:26 PM

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