MOST NOTEWORTHY: Nova BioScience, Saba Software and Darling were today's noteworthy initiations:
- Jefferies initiated Nova BioSource Fuels (NYSE: NBF) with a Buy rating and $3.75 target, and finds the risk/reward attractive for biofuels investors as the company has more than 100M gallons of biodiesel capacity slated to come onstream by 2009.
- B. Riley expects Saba Software's (NASDAQ: SABA) renewed focus on profitability to drive substantial EPS and free cash flow expansion in FY09. The firm started shares with a Buy rating and $6 target.
- Stephens believes Darling International (NYSE: DAR) shares offer a solid commodity cycle and an attractive renewable fuels opportunity and initiated shares with an Overweight rating and $17 target..
OTHER INITIATIONS: