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MOST NOTEWORTHY: Assured Guaranty, Limelight Networks and Monotype Imaging were today's noteworthy initiations:
- UBS expects Assured Guaranty (NYSE: AGO) to increase shares in the public finance guaranty market and take advantage of reinsurance opportunities. Shares were initiated with a Buy rating and $31 target.
- Merriman assumed Limelight Networks (NASDAQ: LLNW) with a Neutral rating. The firm believes investors should remain cautious until a ruling in the company's patent infringement trial is handed down.
- Monotype Imaging (NASDAQ: TYPE) was initiated at Banc of America with a Buy rating and $16 target. The firm highlighted the company's strong revenue visibility and attractive valuation. Shares were also initiated at JP Morgan with an Overweight rating, citing TYPE's discounted valuation and solid IP licensing franchise.
OTHER INITIATIONS:
- B. Riley assumed National Penn Bancshares (NASDAQ: NPBC) with a Neutral rating and $16 target.
- Vestas Wind Systems (OTC: VWSYF) was initiated at Jefferies with a Hold rating.
- UBS started MBIA Inc (NYSE: MBI) with a Neutral rating and $6 target.
- Morgan Joseph initiated DXP Enterprises (NASDAQ: DXPE) with a Buy rating and $53 target.
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