MOST NOTEWORTHY: Orbitz Worldwide (OWW), Agilent (A), National Instruments (NATI) and Ametek (AME) were today's noteworthy initiations:
- Orbitz Worldwide (NYSE: OWW) was initiated by a host of firms today:
- Thomas Weisel and Morgan Stanley started Orbitz with an Overweight rating.
- Pacific Crest and Piper Jaffray started shares with Overweight ratings, and $18 and $16 targets, respectively.
- Stifel initiated Orbitz with a Buy rating and $16 target, while JP Morgan started shares with a Neutral rating.
- Citigroup finds the valuation of Agilent (NYSE: A) attractive at current levels and started shares with a Buy rating, They expect a recovery in the company's Electronic Measurement business to drive shares to $43.
- Citigroup initiated National Instruments (NASDAQ: NATI) with a Hold rating and $40 target, saying that shares could suffer if PMI decelerates in 3Q07 or negatively inflects in 1Q08.
- Ametek (NYSE: AME) is is CIBC's top pick in the mid-cap Industrial Diversified area, due to the company's attractive asset portfolio and growth opportunities. CIBC initiated Ametek with a Sector Outperformer rating and $45 target...
OTHER INITIATIONS:
- Ferris Baker Watts initiated DirecTV (NYSE: DTV) with a Buy rating and $29.50 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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