MOST NOTEWORTHY:

• Oppenheimer believes Google Inc (NASDAQ: GOOG) is the largest beneficiary of the secular growth trends in Internet advertising and transitioned coverage with a Buy rating and $625 target.

• Oppenheimer also believes the current price of Yahoo! (NASDAQ: YHOO) is an attractive entry point given the company's number one position in display advertising and the recent successful launch of Panama. The firm transitioned coverage of Yahoo! with a Buy rating and $34 target.

• RBC Capital sees continued upside for Apple Inc (NASDAQ: AAPL) based on achieving its 10M goal for iPhone, upside from Mac momentum and maintaining iPod/iTunes dominance helped by new products, and started shares with an Outperform rating and $160 target.

• Merriman believes Cash Systems (NASDAQ: CKNN) is positioned to gain meaningful share in the casino cash access industry through the near-term introduction of powercash and started shares with a Buy rating.

• Friedman Billings believes Citrix's (NASDAQ: CTXS) latest Presentation Server product release has some near-term risk given raised prices and initiated shares with a Market Perform rating and $35 target...

• ValueClick (NASDAQ: VCLK) was initiated at Oppenheimer with a Buy rating.

• Lehman started Chipotle Mexican Grill (NYSE: CMG) with an Equal Weight rating and $82 target.

• JP Morgan initiated Smith Micro Software (NASDAQ: SMSI) with an Overweight rating.

• First Albany initiated coverage of dELiA's (NASDAQ: DLIA) with a Neutral rating.

• Banc of America initiated coverage of Jefferies Group (NYSE: JEF) with a Buy rating and $34 target.

Analyst initiations 6-26-07: AAPL, CMG, GOOG, YHOO and VCLK originally appeared on BloggingStocks on Tue, 26 Jun 2007 10:50:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Merriman believes FY07 is a transitional year for Bluefly (NASDAQ: BFLY), starting the company with a Neutral rating, and finds the stock fairly valued at current levels.

• Robert W. Baird expects growth at Leap Wireless International (NASDAQ: LEAP) to be fueled by upcoming market launches, starting shares with an Outperform rating.

• Thomas Weisel is positive on Kona Grill's (NASDAQ: KONA) expansion, same-store sales growth, ramping unit volumes and corporate G&A leverage, starting shares with an Outperform rating.

• Robert W. Baird expects MetroPCS Communications (NYSE: PCS) growth to be fueled by upcoming market launches and initiated shares with an Outperform rating and $14 target.

• Needham believes shares of Beacon Roofing Supply (NASDAQ: BECN) have overreacted to the weak residential new construction market, which represents only 20% of business, and started shares with a Buy rating and $22 target...

• JP Morgan started Array BioPharma Inc (NASDAQ: ARRY) with an Overweight rating.

• Lehman initiated shares of McGraw-Hill Cos, Inc (NYSE: MHP) with an Overweight rating and $81 target.

• MVC Capital, Inc (NYSE: MVC) was started with a Neutral rating and UBS.

• Morgan Joseph started Cash Systems, Inc (NASDAQ: CKNN) with a Buy rating and $9 target.

Analyst initiations 5-23-07: BECN, LEAP, MHP and PCS originally appeared on BloggingStocks on Wed, 23 May 2007 11:37:00 EST. Please see our terms for use of feeds.