MOST NOTEWORTHY: Ipsco Inc (IPS) and ASV Inc (ASVI) were today's most notable initiations:
- RBC believes Ipsco Inc (NYSE: IPS) is an acquisition candidate and initiated the company with a Top Pick rating.
- Ferris, Baker Watts started ASV Inc (NASDAQ: ASVI) with a Buy rating and $20 target, as the firm believes ASV Inc is the only manufacturer to design rubber track loaders from the ground up and to employ a suspended undercarriage.
OTHER INITIATIONS:
- Jefferies initiated CDI Corp (NYSE: CDI) with a Hold rating and $28 target and is positive on the long-cycle drivers of CDI's business; the firm also believes the company has the potential for operating leverage, but will remain on the sidelines due to concerns of the near-term macro environment.
- Wachovia initiated Sealy Corp (NYSE: ZZ) with a Market Perform rating citing lack of visibility into fourth-quarter and first-quarter earnings.
- Sun Trust Robinson Humphrey initiated HealthSouth Corp (NYSE: HLS) with a Buy rating and $27 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).