MOST NOTEWORTHY: Dreamworks Animation (NYSE: DWA), BlackRock (BLK), Mariner Energy (ME) and Franklin Resources (BEN) and RightNow Technologies (RNOW) were today's noteworthy initiations:
- Stifel expects Dreamworks Animation's (NYSE: DWA) fundamental outlook for film to improve given a more accommodating home entertainment market, while next-gen DVD format adoption and the introduction of 3D exhibition in theaters creates incremental opportunities for film studios. The firm started shares off with a Buy rating.
- Wachovia believes BlackRock (NYSE: BLK) is one of the best-positioned managers in both product and geographic perspectives and initiated shares with an Outperform rating.
- BMO Capital believes Mariner Energy (NYSE: ME) has a number of catalysts that could push shares higher, but feels current trading levels are not attractive. BMO started shares with a Market Perform rating.
- William Blair views Franklin Resources (NYSE: BEN) as a premier global firm with an advantage in many attractive international markets and started shares with an Outperform rating.
- Cantor believes RightNow Tech's (NASDAQ: RNOW) transition creates significant execution risk, initiated shares with a Hold rating...
OTHER INITIATIONS:
- China Sunergy (NASDAQ: CSUN) was initiated with a Neutral rating at Cowen.
- Banc Of America initiated shares of The Stanley Works (NYSE: SWK) with a Neutral rating.
- Yamana Gold (NYSE: AUY) was started with a Buy rating and Credit Suisse.
- Deutsche Bank initiated Cree (NASDAQ: CREE) with a Hold rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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