MOST NOTEWORTHY:

• ORBComm was initiated with a Market Perform rating and $16 target at Piper Jaffray, as the firm believes the company may need to launch at least 25 satellites over the next few years to continue servicing its existing subscribers, which could lead to further losses. The company was initiated with an Outperform rating at Raymond James.
• Baird initiated Weingarten Realty with an Outperform rating and $56 target due to its strategy to accelerate growth and initiated Regency Realty with a Neutral rating and $88 target citing valuation and lack of catalysts.

• OceanFreight Inc (NASDAQ: OCNF) was initiated with a Buy rating and $24 target at Cantor.
• UBS initiated shares of Ocean Power Technologies Inc (NASDAQ: OPTT) with a Buy rating and $20 target and shares of Omega Healthcare Investors Inc (NYSE: OHI) with a Neutral rating and $18 target.
• Shutterfly Inc (NASDAQ: SFLY) was initiated at JMP Securities with a Strong Buy rating and $25 target.
• Corn Products International Inc (NYSE: CPO) was initiated with a Buy rating and $48 target at BB&T Capital Mkts, as the firm believes CPO will be able to generate strong earnings growth, as well as use its strong cash flow to grow its specialty ingredients business, raise its dividend, use for a share repurchase or a combination of the above.

Analyst initiations 6-05-07: ORBC, WRI and REG originally appeared on BloggingStocks on Tue, 05 Jun 2007 11:49:00 EST. Please see our terms for use of feeds.

• Leap Wireless International Inc. (NASDAQ: LEAP) was initiated with an Outperform rating and $103 target at Pacific Crest, as the firm believes the company's long-term opportunity with new-market expansion is underappreciated.
• Pacific Crest also initiated shares of Ceragon Networks Ltd. (NASDAQ: CRNT) with an Outperform rating and $12 target, as the firm believes accelerating wireless data growth is driving backhaul demand.
• Cinemark Holdings Inc. (NYSE: CNK) was initiated with an Overweight rating at Morgan Stanley, a Buy rating and $21 target at Banc of America and a Buy rating at Merrill Lynch; Banc of America believes the current box office strength could drive upside to estimates.
• Morgan Stanley also initiated shares of Regal Entertainment Group (NYSE: RGC) with an Equal Weight rating.
• Ocean Power Technologies Inc. (NASDAQ: OPTT) was initiated with a Buy rating and $24 target at Banc of America and a Neutral rating at First Albany.

• Telanetix Inc. (NASDAQ: TNXI) was initiated with a Buy rating and $8.50 target at Kaufman Bros, as the firm believes the company's market opportunity is significant and thinks it could be an interesting acquisition target if the telepresence market development accelerates.
• Banc of America initiated shares of OceanFreight Inc. (NASDAQ: OCNF) with a Buy rating and $23 target.
• Goldman Sachs initiated shares of Kinder Morgan Energy Partners (NYSE: KMP) with a Neutral rating and $54 target and shares of Kinder Morgan Management (NYSE: KMR) with a Neutral rating and $53 target.
• Deutsche Bank initiated shares of Guess Inc. (NYSE: GES) with a Buy rating and $49 target.

Analyst initiations 6-4-07: Guess initiated with Buy originally appeared on BloggingStocks on Mon, 04 Jun 2007 11:53:00 EST. Please see our terms for use of feeds.