MOST NOTEWORTHY:

• Merriman initiated Glu Mobile (NASDAQ: GLUU) with a Buy rating and thinks the valuation already reflects the potential effects of a slowdown in consumer spending. The firm believes shares have the potential to trade to a range of $8-$10.
  
• Merriman also started USA Technologies (NASDAQ: USAT) with a Buy rating. The firm believes the company is uniquely positioned in the wireless machine-to-machine market given its initial traction with Coca-Cola Enterprises (NYSE: CCE) and Mastercard (NYSE: MA) in deploying a cashless payment solution for the beverage vending industry.
  
• B. Riley believes Fulton Financial (NASDAQ: FULT) can return to its legacy of achieving consistent earnings growth with the resolution of the Resource Mortgage tribulations. The firm initiated shares with a Buy rating and $14 target.

• JP Morgan assumed Taser (NASDAQ: TASR) with an Overweight rating.
  
• Calyon initiated Rowan Cos (NYSE: RDC) with an Add rating and $42 target.
  
• Credit Suisse started VisionChina Media (NASDAQ: VISN) with an Outperform rating and $14 target.

Analyst initiations: Glu Mobile, USA Technologies, Fulton Financial originally appeared on BloggingStocks on Wed, 13 Feb 2008 12:20:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• According to Barron's Online's (subscription required) "Inside Scoop" column, Blockbuster Inc (NYSE: BBI) CEO James Keyes purchased 679,250 class A shares on Monday at an average price of $4.42 per share.
• The Financial Times (subscription required) reported that Nortel Networks Corporation (NYSE: NT) is open to acquiring companies.

• The New York Times reported that British mining company Anglo American plc (NASDAQ: AAUKD) is going to begin the process of selling Tarmac, with possible buyers including Orascom Construction Industries, Lafarge Coppee (NYSE: LR), and Cemex (NYSE: CX).
• From BusinessWeek's "Inside Wall Street" column:
• UAL Corporation's (NASDAQ: UAUA) stock has soared to around $44 from $21 in February 2007, and Daniel McKenzie of Credit Suisse believes UAL is a potential private equity play.
• USA Technologies Inc (NASDAQ: USAT) is the largest maker of the e-port devices that enable vending machines selling soft drinks, snacks, and laundry products to accept plastic, and the company has only begun to penetrate the market, according to CEO George Jensen.
• SemBiosys Genetics, which trades in Toronto under the symbol SBS, is developing a way to make insulin from safflower.

Newspaper wrap-up: Nortel open to acquisitions originally appeared on BloggingStocks on Fri, 03 Aug 2007 09:20:00 EST. Please see our terms for use of feeds.

Continue reading USA Technologies: Riding the "cashless" wave

USA Technologies: Riding the "cashless" wave originally appeared on BloggingStocks on Wed, 09 May 2007 09:30:00 EST. Please see our terms for use of feeds.