CdcCorp posts
FeedPosted Feb 28th 2008 11:52AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Initiations
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MOST NOTEWORTHY: Pericom, St. Jude Medical and CDC Corp were today's noteworthy initiations:
- B. Riley believes Pericom (NASDAQ: PSEM) is in the early stages of a product cycle-driven growth and feels shares are significantly undervalued at current levels. The firm started shares with a Buy rating and $18 target.
- Rodman & Renshaw started St. Jude Medical (NYSE: STJ) with a Market Outperform rating and $50 target. The firm is positive on St. Jude's recent investments in its CRM product portfolio and sales organization, which should increase competitiveness and facilitates continued market share gains.
- CDC Corp (NASDAQ: CHINA) was initiated at Cantor with a Buy rating and $6 target, as they believe the stock is significantly undervalued due to the complexity of the company's corporate structure and poor financial disclosure. The firm believes this gap will close after the company lists at least one of its subsidiaries this year.
OTHER INITIATIONS:
Posted Aug 2nd 2007 10:16AM by Kevin Shult (RSS feed)
Filed under: Analyst Reports, Apple Inc (AAPL), Dell (DELL), Hewlett-Packard (HPQ), Intel (INTC), International Business Machines (IBM), Advanced Micro Dev (AMD), , Texas Instruments (TXN), Analyst Initiations, Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: Apple (AAPL), large-cap semis, and CDC Corp (CHINA) were today's noteworthy initiations:
- Apple (NASDAQ: AAPL) was initiated with a Buy rating and $160 target at Banc of America, as the firm still sees a significant amount of upside in the stock from Mac share gains, strong iPod unit growth, and the iPhone, which they believe is being underestimated.
- Caris believes investors should focus on companies with strong product cycles that are gaining market share. They resumed coverage of Intel (NASDAQ: INTC), Texas Instruments (NASDAQ: TXN) and National Semiconductor (NASDAQ: NSM) with Above Average ratings, and resumed Advanced Micro (NYSE: AMD) with a Sell rating; Caris started Intel with a $26 target, Texas Instruments with a $41 target, National Semi with a $29 target, and AMD with a $10 target.
- CDC Corp (NASDAQ: CHINA) was initiated at Piper Jaffray with an Outperform rating and $11.50 target.
OTHER INITIATIONS:
- BMO Capital started shares of NuVasive (NASDAQ: NUVA) with an Outperform rating and $33 target.
- Raymond James initiated shares of Petro-Canada (NYSE: PCZ) with an Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jun 29th 2007 10:25AM by Kevin Shult (RSS feed)
Filed under: Chipotle Mexican Grill'A' (CMG), Analyst Initiations
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MOST NOTEWORTHY: The educational services industry, the Latin American airlines sector,
Asta Funding Inc (NASDAQ:
ASFI) and
Chipotle Mexican Grill Inc (NYSE:
CMG) were today's noteworthy initiations:
- William Blair assumed coverage of Apollo Group Inc (NASDAQ: APOL) and Strayer Education Inc (NASDAQ: STRA) with Outperform ratings and Career Education Corporation (NASDAQ: CECO) with a Market Perform rating. The broker also assumed coverage and downgraded DeVry Inc (NYSE: DV) to Market Perform from Outperform.
- Goldman Sachs initiated coverage on Copa Holdings (NYSE: CPA) with a Buy rating and $88 target, GOL Linhas Aereas Inteligentes SA (NYSE: GOL) and TAM SA (NYSE: TAM) with Neutral ratings and Lan Airlines SA (NYSE: LFL) with a Sell rating and $93 target; Lan Airlines was also initiated at Morgan Stanley with an Overweight rating and $105 target.
- Asta Funding was initiated at Kaufman Brothers with a Buy rating and $55 target. The firm believes the company should grow earnings at a midpoint of 20% over time, with near-term growth at 15% and longer-term growth at 20%-25%.
- Citigroup initiated shares of Chipotle Mexican Grill with a Buy rating and $100 target, as the firm expects the company will see unit growth at a rate in the high-teens while experiencing above-average SSS and some margin expansion.
OTHER INITIATIONS:
Posted Dec 28th 2006 11:27AM by Kevin Shult (RSS feed)
Filed under: Analyst Initiations
MOST NOTEWORTHY: CDC Corporation topped today's modest list of initiations:
- Shares of CDC Corp (NASDAQ:CHINA) were initiated by Oppenheimer with a Buy rating and $12 target, as the firm expects CDC to unlock shareholder value by spinning off its software and games business into separately traded companies in the first-half of 2007.
OTHER INITIATIONS:
- On2 Technologies (AMEX:ONT) was initiated with a Buy rating and $1.40 target at ThinkEquity, and the firm believes that On2 will capitalize on its continued success in Flash, also noting that Adobe Systems (NASDAQ:ADBE) licenses the company video codec in its Flash player 8.
- Soleil believes Middleby Corp (NASDAQ:MIDD) is positioned to benefit from switching to more energy-efficient models in restaurants from the current equipment, and has initiated the Illinois-based company with a Buy rating and $134 target.
- Deutsche Bank initiated GPC Biotech AG (NASDAQ:GPCB) with a Buy rating; they believe shares could double in a best-case scenario.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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