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MOST NOTEWORTHY: - Motorola Inc (NYSE: MOT) was the sole notable initiation today. Shares of the cellphone giant were resumed at Goldman Sachs with a Neutral rating and $18 target.
OTHER INITIATIONS:
- Penn Virginia GP Holdings L.P.(NYSE: PVG) was initiated by AG Edwards with a Buy and RBC Capital Markets with an Outperform.
- Stifel initiated Armstrong World Indus (NYSE: AWI) with a Buy rating; the firm expects a sale of the 65.5% control block of stock owned by the Asbestos Trust to a strategic buyer or private equity firm. The firm believes the company can be valued in the $55-$60 range in a buyout.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
