MOST NOTEWORTHY: Arthur J. Gallagher (AJG), Akamai Technologies (AKAM) and three railcar companies were today's noteworthy initiations:
- Citigroup believes Arthur J. Gallagher (NYSE: AJG) is at a disadvantage to smaller rivals who accept contingent commissions and lacks the global presence of larger competitors, and started shares with a Sell rating and $25 target.
- Friedman Billings believes Akamai (NASDAQ: AKAM) can leverage its broad product portfolio, global network deep pockets and extensive track record to remain the leader in the content delivery market, starting shares with an Outperform.
OTHER INITIATIONS:
- CIBC initiated Praxair (NYSE: PX) with a Sector Performer rating.
- Crucell NV (NASDAQ:CRXL) was initiated with an Outperform rating at Lehman.
- FTN Midwest initiated RadioShack (NYSE: RSH) with a Neutral rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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