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MOST NOTEWORTHY: Krispy Kreme (KKD) and Reynolds American (RAI) top today's modest-sized initiation list.
- Krispy Kreme Dough nuts, Inc. (NYSE:KKD) was initiated with a Buy and $15 target at Prudential. The firm is positive on the high brand loyalty and unique business model that has the ability to create strong cash flows and high return on investment capital.
- Reynolds American, Inc. (NYSE:RAI) was initiated with a Neutral and $58.50 target at Credit Suisse.
OTHER INITIATIONS:
- The Lodging REITS sector was initiated at Morgan Keegan.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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