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Analyst initiations 7-26-07: Alcoa, Alcan, Polo Ralph Lauren

MOST NOTEWORTHY: Polo Ralph Lauren (RL), Alcan (AL), Alcoa (AA) and Conn's, Inc (CONN) were today's noteworthy initiations:
  • Polo Ralph Lauren (NYSE: RL) was initiated with a Market Perform rating at Piper Jaffray. The firm feels the risk/reward is balanced at current levels given the near-term risks from increased investment and exposure to inconsistent U.S. wholesale markets.
  • Goldman Sachs resumed coverage of Alcan (NYSE: AL) and Alcoa (NYSE: AA) with Neutral ratings and a $101 target and $48 target, respectively.
  • Morgan Joseph is positive on Conn's Inc's (NASDAQ: CONN) strong track record of growth, new store growth and easy comps, and initiated shares with a Buy rating and $34 target.
OTHER INITIATIONS:
  • Stifel initiated shares of Pharmerica (NASDAQ: PMC) with a Hold rating on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Airline industry crackdown: on stewardesses having sex?

The airline industry, oh, it's plagued with problems right now. I'm sure you could help me list them: overcrowding on airplanes, passengers left to suffer overflowed toilets on the tarmac, unappealing food, no food at all. Delays, record financial losses, union woes, price pressures. Yep. The airline industry has issues.

But why focus on the real problems when you can make such a wide public statement that shows your commitment to AIDS prevention? I know, what? Qantas Airways Limited (ASX:QAN) terminated the flight attendant who, reportedly, had sex with actor Ralph Fiennes in an airplane bathroom. Ironically, he was on his way to Mumbai to deliver a speech about AIDS -- bloggers are reporting salaciously that he committed AIDS prevention no-no No. 1 (though I don't know how anyone can be sure about his prophylactic use or lack thereof).

In any case, a high-profile tabloidy encounter between a beautiful flight attendant and a sex symbol of an actor should be the airline industry's least concern.

Symbol Lookup
IndexesChangePrice
DJIA-130.7510,333.65
NASDAQ-27.972,148.08
S&P 500-16.221,094.41

Last updated: November 27, 2009: 12:27 PM

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