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Analyst initiations: ETN, EXPE, INTU, PCLN and SOHU

MOST NOTEWORTHY: The machinery industry, Sohu.com (SOHU), Intuit (INTU), Priceline.com (PCLN) and Expedia (EXPE) were today's noteworthy initiations:
  • Pali initiated Sohu.com (NASDAQ: SOHU) with a Buy rating and $41 target and believes the Olympic Games represent the biggest growth catalyst for the company.
  • Jefferies started shares of Intuit (NASDAQ: INTU) with a Buy rating and $34 target, likes the momentum in TurboTax and QuickBooks and sees potential upside fo FY08 expectations.
  • Banc of America initiated Priceline.com (NASDAQ: PCLN) with a Buy rating and $96 target and is positive on the company's European positioning given expectations for top line growth and margin expansion. The firm also started shares of Expedia (NASDAQ: EXPE) with a Buy rating and $35 target, positive on the company's strong management, solid competitive positioning and improving fundamentals.

OTHER INITIATIONS:
  • Omega Financial (NASDAQ: OMEF) was initiated at Keefe Bruyette with a Market Perform rating and $25 target.
  • Merrill Lynch initiated shares of Insulet (NASDAQ: PODD) with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 6-18-07: CI, CKFR, JSDA, PSUN and SYMC

MOST NOTEWORTHY: Tektronix, Inc (TEK), GameStop Corp (GME) PrivateBancorp, Inc (PVTB), Quebecor World Inc (IQW) and CheckFree Corp (CKFR) were today's more noteworthy upgrades:
  • JP Morgan upgraded shares of Tektronix (NYSE: TEK) to Overweight from Underweight citing improving sector fundamentals.
  • JP Morgan also raised GameStop (NYSE: GME) to Overweight from Neutral based on the May sales data.
  • BMO Capital raised Quebecor World (NYSE: IQW) to Market Perform from Underperform on valuation.
  • CheckFree (NASDAQ: CKFR) was assumed with a Sector Outperformer from Sector Performer at CIBC citing a favorable risk/reward, solid secular underlying trends, and overblown concerns for its rating...
OTHER UPGRADES:
  • ThinkEquity upgraded shares of Jones Soda Co (NASDAQ: JSDA) to Buy from Accumulate.
  • Goldman added Cigna Corp (NYSE: CI) to its America's Conviction List.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 5-01-07: CMCSA, D, RIMM and VZ

MOST NOTEWORTHY: Dominion Resources (D), Syniverse Holdings (SVR), Research in Motion (RIMM), Verizon Communications (VZ) and Comcast (CMCSA) were the noteworthy upgrades today:
  • Jefferies upgraded shares of Dominion Resources (NYSE: D) and raised their target to $90 from $68 as the firm believes shares are fairly valued based on assumed higher spark spreads in New England.
  • Credit Suisse upgraded Research in Motion (NASDAQ: RIMM) and raised their target to $145 from $100 as the firm believes the company will benefit from smart phone market growth and improving international traction. However, FBCO still believes RIMM's increasing exposure to the consumer market will continue to pressure margins.
  • Prudential said Verizon Communications (NYSE: VZ) is showing signs of improving revenue growth and accelerating FiOS TV subscriber additions, as well as continued dominance in wireless, and upgraded shares to Neutral from Underweight.
OTHER UPGRADES:
  • Goldman upgraded Danaher Corp (NYSE: DHR) to Buy from Neutral with an $81 target.
  • NTT DoCoMo (NYSE: DCM) was upgraded to Outperform from Neutral at Credit Suisse.
  • Bear Stearns raised Ingersoll-Rand's (NYSE: IR) rating to Peer Perform from Underperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA+43.7610,290.73
NASDAQ+13.412,164.49
S&P 500+5.491,098.50

Last updated: November 11, 2009: 12:38 PM

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