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MOST NOTEWORTHY: British Sky Broadcasting, ReneSola and Chordiant Software were today's noteworthy initiations:- Jefferies believes British Sky Broadcasting's (NYSE:BSY) exposure to discretionary household expenditure seems more dangerous than it is. Shares were initiated with a Buy rating.
- Oppenheimer assumed ReneSola (NYSE: SOL) with a Perform rating and said it is waiting for margins to re-accelerate before becoming more constructive on shares.
- Chordiant Software (NASDAQ: CHRD) was initiated at B. Riley with a Buy rating and $7 target and believes the recent sell-off is overdone.
- JMP Securities initiated American Capital (NASDAQ:AGNC) with an Outperform rating and $23 target.
- UBS assumed Omnicom Group (NASDAQ: OMC) and Interpublic Group (NYSE: IPG) with Neutral ratings and targets of $50 and $9.50, respectively.
- Real Goods Solar (NASDAQ: RSOL) was assumed at Broadpoint with a Buy rating and $10 target.
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