• UBS initiated coverage on Fluor (FLR) and URS Corporation (URS) with Neutral ratings, and Jacobs Engineering Group (JEC) with a Buy rating; they expect energy and infrastructure-related spending to drive backlog growth in 2007.
  
• Lazard initiated L-1 Identity Solutions (ID) with a Buy rating and $20 target, as they feel L-1 is the clear industry leader in identification technology.

• Morgan Keegan initiated Urban Outfitters (URBN) with an Outperform rating, expecting a "short squeeze" in the shares. Under Armor (UARM) was initiated with a Hold rating at Citigroup, citing valuation.
• Citigroup also initiated VF Corp (VFC) with a Buy rating and $90 target; they believe VF Corp will benefit from its shift to a portfolio of brands selling through multiple distribution channels.
• Elsewhere, Pali Capital initiated Charter Communications (CHTR) with a Buy rating and $4.50 target, expecting growth to accelerate and operational benefits from their "triple play" offering and reduced interest expense through re-financing.

Analyst initiations 12-6-06: Fluor, URS Corporation, and L-1 Identity Solutions originally appeared on BloggingStocks on Wed, 06 Dec 2006 12:55:00 EST. Please see our terms for use of feeds.