AOL Money & Finance

mvc posts

Feed

Analyst initiations 5-23-07: BECN, LEAP, MHP and PCS

MOST NOTEWORTHY: Bluefly, Inc (BFLY), Leap Wireless International, Inc (LEAP), Kona Grill, Inc (KONA), MetroPCS Communications, Inc (PCS) and Beacon Roofing Supply (BECN) were today's more noteworthy initiations:
  • Merriman believes FY07 is a transitional year for Bluefly (NASDAQ: BFLY), starting the company with a Neutral rating, and finds the stock fairly valued at current levels.
  • Robert W. Baird expects growth at Leap Wireless International (NASDAQ: LEAP) to be fueled by upcoming market launches, starting shares with an Outperform rating.
  • Thomas Weisel is positive on Kona Grill's (NASDAQ: KONA) expansion, same-store sales growth, ramping unit volumes and corporate G&A leverage, starting shares with an Outperform rating.
  • Robert W. Baird expects MetroPCS Communications (NYSE: PCS) growth to be fueled by upcoming market launches and initiated shares with an Outperform rating and $14 target.
  • Needham believes shares of Beacon Roofing Supply (NASDAQ: BECN) have overreacted to the weak residential new construction market, which represents only 20% of business, and started shares with a Buy rating and $22 target...
OTHER INITIATIONS:
  • Morgan Joseph started Cash Systems, Inc (NASDAQ: CKNN) with a Buy rating and $9 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

IPO & secondary preview: week of Feb. 19, 2007

Wall Street's equity market offers a very light schedule next week, with just three Secondaries on the docket.

Those deals tentatively scheduled to price include:

IPOs:


No IPOs scheduled.

Secondaries:

Thursday

Burger King Holdings, Inc. (NYSE:BKC),
a 20M-share Secondary for this international fast food chain. JP Morgan Chase, Goldman Sachs & Morgan Stanley are the lead managers.


Friday

Aviza Technology Inc. (NASDAQ:AVZA), a 4M-share Secondary for this semiconductor manufacturer. Needham & Co. is the lead manager.

MVC Capital (NYSE:MVC),
a 5M-share Secondary for this business financing operation. UBS Investment & Bear Stearns are the lead managers.

For the latest market intelligence on IPOs, Syndicate, and after-market trades, check out TheFLY Syndicate at www.theflyonthewall.com. [Subscription required.]

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 10:15 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance