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Analyst initiations: Amazon, Altria Group, Skilled Healthcare

MOST NOTEWORTHY: Amazon.com, Altria Group and Skilled Healthcare were today's noteworthy initiations:
  • Canaccord Adams expects Amazon.com (NASDAQ: AMZN) growth to be driven by its expanding international reach, mix shift to third-party revenue, product innovation, and category expansion. The firm initiated shares with a Buy rating and $78 target.
  • UBS is positive on Altria's (NYSE: MO) growth, low likelihood of downward EPS revisions, and best-in-class cash flow distribution; shares were started with a Buy rating.
  • Skilled Healthcare (NYSE: SKH) was initiated with an Outperform rating at Morgan Keegan, as they believe nursing home reimbursement risk is already reflected in its valuation.
OTHER INITIATIONS:
  • KeyBank assumed Callaway Golf (NYSE: ELY) with a Buy rating and $19 target.
  • Credit Suisse initiated Intuit (NASDAQ: INTU) with an Outperform rating and $35 target.
  • Broadpoint initiated Novell (NASDAQ: NOVL) with a Buy rating.

Analyst initiations: CMCSA, CMVT, CNET and TWC

MOST NOTEWORTHY: Comcast (CMCSA), Time Warner Cable (TWC), CNet Networks (CNET), Coviden (COV) and I.D. Systems (IDSY) were today's noteworthy initiations:
  • Stanford started CNet (NASDAQ: CNET) with a Buy rating and $10 target, as the company is well positioned to benefit from its developing web properties.
  • Bear Stearns expects shares of Covidien (NYSE: COV) to move up, starting shares with an Outperform rating, as the management transforms the company from a cash flow focused conglomerate division into a faster-growing, nimble competitor.
  • Merriman said I.D. Systems (NASDAQ: IDSY) is uniquely positioned in the wireless asset tracking market given its focus on industrial machinery and material handling equipment, starting shares with a Buy rating...
OTHER INITIATIONS:
  • Comverse (OTC: CMVT) was initiated with a Neutral rating at Merriman.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 4-04-07: F, GM, JPM and TWC initiated today

MOST NOTEWORTHY: The automotive sector was today's most noteworthy initiation:
OTHER INITIATIONS:
  • Merriman initiated shares of Progressive Gaming International Corp (NASDAQ: PGIC) with a Buy rating, as the firm believes it is on the cusp of gaining meaningful market share of casino floors through its technologies and now is the time to get involved in shares.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 10:45 AM

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