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MOST NOTEWORTHY: IPC The Hospitalist Co, Forest City Enterprises and SINA Corp were today's noteworthy initiations:
- Jefferies believes IPC The Hospitalist Co (NASDAQ: IPCM) is well-positioned to grow rapidly in the next several years, as it takes advantage of numerous organic and acquisition-driven expansion opportunities in the emerging hospitalist sector. The firm started shares with a Buy rating and $27 target.
- Forest City Enterprises (NYSE: FCE.A) was initiated with an Outperform rating and $47 target at Keefe Bruyette, as they find shares attractively-valued at current levels.
- Sterne Agee initiated SINA Corp (NASDAQ: SINA) with a Buy citing checks that indicate trends for online advertising in China remain very favorable and support a strong growth outlook.
OTHER INITIATIONS:
- Credit Suisse initiated CBS Corp (NYSE: CBS) with a Neutral rating and $25 target and Alcoa (AA) with an Outperform and $45 target.
- Oracle (NYSE: ORCL) was reinstated with a Buy rating and $24 target at Goldman Sachs.
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