MOST NOTEWORTHY: Delta Airlines (DAL), Monster Worldwide, Inc (MNST) and CNet Networks, Inc (CNET) were today's notable initiations:
- Prudential started Delta Airlines (NYSE: DAL) with an Underweight rating and $14 target citing valuation.
- Credit Suisse assumed coverage of Monster Worldwide (NASDAQ: MNST) with an Outperform rating and $60 target. The firm believes Monster is well-positioned to benefit from the growing shift of recruitment industry dollars to online, international expansion, and improving labor market trends.
- CNet Networks (NASDAQ: CNET) was started with a Buy rating and $11 target at Banc of America, believing the company is well-positioned to benefit from strong secular online advertising growth due to its leading online brands.
OTHER INITIATIONS:
- Citigroup started GSC Investment Corp (NYSE: GNV) with a Hold rating and $16 target while Wachovia started shares with an Outperform rating. JP Morgan started shares of GSC Investment with a Neutral rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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