MOST NOTEWORTHY: NDS Group plc (NNDS), Payless ShoeSource, Inc (PSS), Southern Union Co (SUG) and Take-Two Interactive Software, Inc (TTWO) were today's noteworthy initiations:
- B. Riley believes NDS Group (NASDAQ: NNDS) is in an attractive space with 42M digital TV subscribers, increasing competition between TV service providers and declining digital deployment costs, starting shares with a Buy rating and $66.50 target.
- KeyBanc McDonald initiated shares of Payless ShoeSource Inc (NYSE: PSS) with a Buy rating and $42 target.
- Calyon started Southern Union Co (NYSE: SUG) with a Buy rating and $38 target and sees positive catalysts over the next 12-18 months, including a potential takeover or monetization and the formal creation of an MLP.
- Take-Two Interactive Software (NASDAQ: TTWO) was started with a Hold rating at Needham. The firm finds it unlikely that shares will outperform until new management sets forth their new plan, which is expected to take 3-6 months.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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MOST NOTEWORTHY: WuXi Pharma, ExxonMobil and LifePoint Hospitals were today's noteworthy upgrades:
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