MOST NOTEWORTHY: CKE Restaurants. Inc (CKR), Texas Instruments Inc (TXN), SurModics, Inc (SRDX), Nokia Corp (NOK) and DirecTV Group, Inc (DTV) were today's notable initiations:
- Wedbush initiated CKE Restaurants (NYSE: CKR) with a Buy rating and $25 target.
- Wachovia resumed coverage of Texas Instruments Inc (NYSE: TXN) with an Outperform rating, as the firm believes that TXN's fundamentals have bottomed and the valuation is attractive.
- SurModics Inc (NASDAQ: SRDX) was initiated with an Underperform rating and $28 target at Piper Jaffray. Piper doesn't see a near-term catalyst to move shares higher given a lack of visibility regarding new licenses.
- Nokia (NYSE: NOK) was initiated at Nollenberger with a Neutral rating.
- HSBC started DirecTV (NYSE: DTV) with an Underweight rating and $21 target.
OTHER INITIATIONS:
- Stanford initiated Armor Holdings, Inc (NYSE: AH) with a Buy rating and $80 target.
- Wedbush initiated Jack in the Box Inc (NYSE: JBX) with a Hold rating and $68 target, citing the company's operational improvements and benefits from ongoing refranchising and share repurchases are fully reflected in the stock price.
- Canadian Pacific Railway Ltd (NYSE: CP) was initiated with a Sector Performer rating at CIBC.
- Stifel initiated Medical Properties Trust, Inc (NYSE: MPW) with a Hold rating.
- Bear Stearns initiated Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA) with a Peer Perform rating.
- Thomas Wiesel initiated shares of Cepheid (NASDAQ: CPHD) and Luninex Corp (NASDAQ: LMNX) with Overweight ratings.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
.gif){kind=logo}
MOST NOTEWORTHY: EDO Corp, General Motors, Cameron, Getty Images and Micrus Endovascular were today's noteworthy downgrades:
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
