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Analyst initiations 4-25-07: CROX, SUSQ and UA initiated today

MOST NOTEWORTHY: Sunstone Hotel Investors, Inc (SHO), Under Armour, Inc (UA), Crocs, Inc (CROX) and Susquehanna Bancshares, Inc (SUSQ) were today's more noteworthy initiations:
  • ThinkEquity started Under Armor Inc (NYSE: UA)and Crocs Inc (NASDAQ: CROX) with Accumulate ratings. The firm believes both companies can continue to grow market share, expand its product line and distribution and earn high ROIC.
OTHER INITIATIONS:
  • Both BMO Capital and William Blair started FCStone Group, Inc (NASDAQ: FCSX) with a Market Perform rating; Banc of America started FCStone with a Neutral rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 2-23-07: Newmont Mining downgraded to Underperform

MOST NOTEWORTHY:
  • L-3 Communications Holdings Inc (NYSE: LLL) was downgraded by Bank of America to Neutral from Buy based on valuation, as they see limited upside from current levels. The firm's target for L-3 is $92.
  • NewMont Mining Corp (NYSE: NEM) was downgraded by RBC Capital Markets to Underperform from Sector Perform based on Newmont's weak production profile and declining financial forecasts. The firm lowered its price target for Newmont to $48 from $52.
OTHER DOWNGRADES:
  • K Swiss Inc (NASDAQ: KSWS) was downgraded by Susquehanna to Neutral from Positive. The firm does not believe domestic sales will stabilize until 2008 and sees European growth being less robust over the next several quarters.
  • Alltel Corporation (NYSE: AT) was downgraded at Deutsche Bank to Hold from Buy on valuation. The firm's target for Alltel is $63.

Symbol Lookup
IndexesChangePrice
DJIA+73.0010,270.47
NASDAQ+18.862,167.88
S&P 500+6.241,093.48

Last updated: November 14, 2009: 02:41 PM

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