MOST NOTEWORTHY: Yahoo! (YHOO) and ConocoPhillips (COP) were the highlights in today's list of initiations.
- Cantor initiated Yahoo! (NASDAQ: YHOO) with a Hold rating and $30 target; the firm believes Yahoo! is playing "catch-up" in the areas of Search and monetization and they expect shares to be range-bound until fixes are evident.
- Credit Suisse re-initiated ConocoPhillips (NYSE: COP) with a Neutral rating.
OTHER INITIATIONS:
- CBS Corp (NYSE: CBS) was initiated with a Buy rating and $38 target at Stifel; the firm believes CBS's TV business model is under-appreciated by the Street and shares are attractively valued.
- RBC Capital Markets initiated shares of Quebecor World (NYSE: IQW) with an Underperform rating; the firm is cautious on shares due to the commoditization in print segments, valuation and low probability of a takeover.
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MOST NOTEWORTHY UPGRADES:
AT&T's Meandering Should End Soon
Closing Bell: Does The Market Ever Drop? (TSL, PALM, FDX, NKE, TEVA)
Research In Motion Is in Recovery Mode
