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Analyst initiations: AFAM, CBE and CBR

MOST NOTEWORTHY: Almost Family, Cooper Industries and Ciber were today's noteworthy initiations:
  • Jefferies believes Almost Family (NASDAQ: AFAM) will likely take advantage of the significant consolidation opportunity in home nursing. The firm started shares with a Buy rating and $26 target.
  • Kevin Dann initiated Cooper Industries (NYSE: CBE) with a Sell rating and $35 target and believes the upcoming growth deceleration in North America, Europe and Asia's developed regions could weigh on sales growth and further margin expansion.
  • Ciber (NYSE: CBR) was assumed with a Buy rating and $9 target at Roth Capital, as they view the company as a compelling investment opportunity for value investors. The firm recommends building positions.
OTHER INITIATIONS:
  • BMO Capital initiated Bionovo (NASDAQ: BNVI) with a Market Perform rating.
  • Goldman reinstated Live Nation (NYSE: LYV) with a Buy rating and $15 target.
  • Canaccord Adams started Amalyin Pharma (NASDAQ: AMLN) with a Sell rating and $23 target.

Analyst initiations: BNVI, CTCT, SENO and RMDX

MOST NOTEWORTHY: Bionovo, Constant Contact, Senorx, and RemoteMDx were today's noteworthy initiations:
  • Merriman initiated Bionovo Inc (NASDAQ: BNVI), with a Buy rating, as they believe shares are undervalued given the company's development pipeline and related intellectual property.
  • Constant Contact Inc (NASDAQ: CTCT) was initiated with a Market Weight rating at Thomas Weisel. The company was also initiated with a Sector Outperformer and $30 target at CIBC, as they believe the company is well-positioned in the on-demand email marketing segment.
  • Citigroup initiated Senorx Inc (NASDAQ: SENO) with a Hold rating and $12 target, citing competition concerns and their belief that infrastructure investments could delay profitability.
  • BWS Financial said RemoteMDx Inc (OTC: RMDX) has been able to secure contracts that should result into larger follow-on orders as the TrackerPAL starts to have a history in real life scenarios. The firm started shares off with a Buy rating and $8.75 target.
OTHER INITIATIONS:

IPO & secondary preview -- Week of Oct. 8, 2007

Wall Street's equity market kicks into fifth gear this week with 8 IPOs and 6 Secondaries on the docket.

Those deals tentatively scheduled to price include:

IPOs:

Possible
  • SP Acquisition (DSP), a 36M-share IPO for this business financing company. UBS Investment and Ladenburg Thalmann are the lead managers. Filing pricing: $10.00.
Midweek
  • Mediatech Investment (MDTC), a 10M-share IPO for this business financing company. UBS Investment and JMP Securities are the lead managers. Filing range: $14.00-$16.00.

Continue reading IPO & secondary preview -- Week of Oct. 8, 2007

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 06:19 PM

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