MOST NOTABLE: Cabela's Inc (CAB), Time Warner Inc (TWX), Open Text Corp (OTEX) and Tortoise Capital Resources Corp (TTO) were some of today's more notable initiations:
- Cabela's inc (NYSE: CAB) was initiated with an Outperform rating and $30 target. The firm is confident in Cabela's outlook given the company's substantial store expansion opportunities, encouraging operating environment and valuation.
- Time Warner (NYSE: TWX) was started with a Buy rating and $25 target at UBS.
- Benchmark initiated Open Text Corp (NASDAQ: OTEX) with a Sell rating.
- Tortoise Capital Resources (NYSE: TTO )was initiated by both Ferris Baker and Stifel with a Buy rating.
OTHER INITIATIONS:
- CIBC initiated Volterra Semiconductor Corp (NASDAQ: VLTR) with a Sector Performer rating.
- Goldman initiated Savvis, Inc (NASDAQ: SVVS) with a Buy rating and $50 target.
- Cowen started Cogent Communications Group, Inc (NASDAQ: CCOI) with an Outperform rating.
- Avondale initiated Callaway Golf Co (NYSE: ELY) with a Market Outperform rating and $20 target.
- ThinkEquity started Adventrx Pharmaceuticals, Inc (NYSE: ANX) with a Buy rating and $5 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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MOST NOTEWORTHY: Athenahealth, Brocade Communications Systems, Royal Bank of Scotland and Human Genome were today's noteworthy initiations:
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