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Analyst initiations: SRS Labs, Tennant, Entergy

MOST NOTEWORTHY: SRS Labs, Tennant and Entergy were today's noteworthy initiations:

  • B. Riley initiated SRS Labs (NASDAQ: SRSL) with a Neutral rating and $7 target. The firm believes expectations for Q2 and FY08 may be high as the company ramps marketing spend in the face of difficult macro economic conditions.
  • Jefferies assumed Tennant (NYSE: TNC) with a Hold rating and $32 target which reflects their macro economic outlook for end markets in North America and Western Europe.
  • Wachovia is positive on Entergy's (NYSE: ETR) shareholder-friendly management, strong financial position, and leverage to favorable wholesale power market trends. Shares were initiated with an Outperform rating.

OTHER INITIATIONS:

  • ThinkPanmure initiated Knot Inc. (NASDAQ: KNOT) with a Source of Funds rating and $8 target.
  • Qualcomm (NASDAQ: QCOM) was started with a Buy rating and $61 target at Citigroup.
  • HSBC assumed Spreadtrum (NASDAQ: SPRD) with an Overweight rating.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:05 PM

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