MOST NOTEWORTHY: Petrohawk Energy Corp (HAWK), Time Warner Cable Inc (TWC) and GameStop Corp (GME) were today's notable initiations:
- Jefferies initiated Petrohawk Energy Corp (NASDAQ: HAWK) with a Buy rating and $14.50 target, as the firm believes Petrohawk has the right assets to pursue the "acquire-exploit-self" strategy well.
- Bear Stearns started Time Warner Cable (NYSE: TWC) with a Peer Perform rating.
- GameStop Corp (NYSE: GME) was initiated with a Buy rating and $67 target at Nollenberger.
OTHER INITIATIONS:
- AG Edwards initiated Venoco, Inc (NYSE: VQ) with a Buy rating on valuation.
- Credit Suisse started CarMax, Inc (NYSE: KMX) with a Neutral rating and $55 target.
- Jefferies considers Ultra Petroleum Corp (AMEX: UPL) the most dominant company in the Pinedale Anticline, the nation's second largest natural gas field and they expect 2007 to be a pivotal year. The firm initiated Ultra Petroleum with a Buy rating and $64 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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