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Analyst initiations: ABCW, TOMO and SKIL

MOST NOTEWORTHY: Anchor Bancorp, TomoTherapy and Skillsoft Corp were today's noteworthy initiations:
  • Keefe Bruyette initiated Anchor Bancorp (NASDAQ: ABCW) with a Market Perform rating and $18 target, as they prefer to wait for credit and capital concerns to subside.
  • Jefferies believes TomoTherapy (NASDAQ: TOMO) should trade higher based on the company's strong new order growth and would be buyers at current levels. The firm started shares with a Buy rating and $17 target.
  • Skillsoft (NASDAQ: SKIL) was assumed with an Outperform rating at William Blair, as they believe the NETg acquisition will drive significant operating margin improvement in the coming years.
OTHER INITIATIONS:

IPO & secondary preview -- Week of Oct. 8, 2007

Wall Street's equity market kicks into fifth gear this week with 8 IPOs and 6 Secondaries on the docket.

Those deals tentatively scheduled to price include:

IPOs:

Possible
  • SP Acquisition (DSP), a 36M-share IPO for this business financing company. UBS Investment and Ladenburg Thalmann are the lead managers. Filing pricing: $10.00.
Midweek
  • Mediatech Investment (MDTC), a 10M-share IPO for this business financing company. UBS Investment and JMP Securities are the lead managers. Filing range: $14.00-$16.00.

Continue reading IPO & secondary preview -- Week of Oct. 8, 2007

Analyst initiations 6-1-07: WFMI, INTC, Oshkosh ...

MOST NOTEWORTHY: The truck industry, Roo Group (RGRP), Accuray (ARAY) and TomoTherapy (TTPY) were today's noteworthy initiations:
  • In the trucking industry, FTN Midwest initiated shares of Cummins Inc (NYSE: CMI) and Navistar International Corp (NASDAQ: NAVZ) with Hold Ratings and Oshkosh Truck Corp (NYSE: OSK) and PACCAR Inc (NASDAQ: PCAR) with Buy ratings.
  • ROO Group (NASDAQ: RGRP) was initiated with a Buy rating and a $3.75 target at Think Equity, which believes RGRP is positioned to capitalize as the Internet continues to grow as a broadcast medium for video.
  • Soleil initiated shares of Accuray Inc. (NASDAQ: ARAY) with a Buy rating and $30 target. The company is Soleil's top pick in radiation oncology.
  • Soleil also initiated shares of TomoTherapy Inc. (NASDAQ: TTPY) with a Buy rating and $25 target, as the firm believes all-in-one imaging and radiation oncology system in HiArt could become the new standard of care.
OTHER INITIATIONS:
  • Elan Corp (NYSE: ELN) was initiated with an Outperform rating and $40 target at Leerink Swann, which added shares to the firm's Focus List as it is positive on the Tysabri opportunity.
  • Cree Inc (NASDAQ: CREE) was initiated with a Buy rating and $50 target at Amtech, as the firm believes the time for LED adoption has finally arrived and will accelerate in the future.
  • Nollenberger initiated shares of ZipRealty (NASDAQ: ZIPR) and Move, Inc (NASDAQ: MOVE) with Neutral ratings.
  • CIBC World Markets initiated shares of Whole Foods Market Inc. (NASDAQ: WFMI) with a Sector Underperformer rating and $38 target, expecting the company to be impacted by increasing competition.
  • BMO Capital Markets initiated shares of Intel Corp. (NASDAQ: INTC) with an Outperform rating and $10 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-141.5510,322.85
NASDAQ-26.432,149.62
S&P 500-15.901,094.73

Last updated: November 27, 2009: 11:34 AM

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