MOST NOTEWORTHY: Plexus Corp (PLXS) and Ameristar Casinos Inc (ASCA) were some of today's most notable initiations:
- Lehman initiated Plexus Corp (NASDAQ: PLXS) with an Underweight rating and $15.50 target.
- Wachovia started Ameristar Casinos Inc (NASDAQ: ASCA) with an Outperform rating; the firm sees upside for Ameristar through growth of existing properties that have expansions and the removal of the $500 loss limit in Missouri.
OTHER INITIATIONS:
- Mattel Inc (NYSE: MAT) was initiated with a Hold rating at Sterne Agee.
- First Albany started Gaming Partners International Corp (NASDAQ: GPIC) with a Buy rating and $23 target.
- Jefferies initiated Morgans Hotel Group Co (NASDAQ: MHGC) with a Hold rating and $20 target based on valuation.
- UBS started E*Trade Financial Corp (NASDAQ: ETFC) with a Buy rating and $29 target.
- UBS also started TD Ameritrade Holding Corp (NASDAQ: AMTD) with a Neutral rating on valuation.
- Stifel initiated Saia Inc (NASDAQ: SAIA) with a Buy rating and $31 target; the firm is positive on Saia's growth and said the company should be the biggest beneficiary of further tonnage leakage from Central Freight Lines, which recently went private.
- William Blair started US BioEnergy Corp (NASDAQ: USBE) with an Outperform rating.
- JMP Securities assumed coverage of Delta Financial Corp (NYSE: DFC) with a Strong Buy rating and $13 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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