MOST NOTEWORTHY: EMC Corp (EMC), NetEase.com, Inc (NTES), Wireless Ronin Technologies (RNIN), Activision (ATVI) and GameStop Corp (GME) were today's noteworthy initiations:
- BMO Capital expects upside to EMC Corp's (NYSE: EMC) June quarter estimates, but only sees limited share upside from current levels. The firm started shares with a Market Perform rating and $21 target.
- Pali Research believes NetEase.com (NASDAQ: NTES) must address the discontinuity in its growth and started shares off with a Neutral rating.
- Barrington expects Wireless Ronin (NASDAQ: RNIN) to benefit from growth towards broadcasting to the outdoor component of out-of-home and views the company as an emerging growth opportunity that is starting with a strong technological base and management team. The firm started shares with an Outperform rating.
- First Albany initiated shares of GameStop (NYSE: GME) with a Buy rating, citing upside potential to 2008 estimates.
- Activision (NASDAQ: ATVI) was also initiated at First Albany, with a Buy rating, as the firm is expecting strong results and guidance...
OTHER INITIATIONS:
- Jefferies initiated Polycom (NASDAQ: PLCM) with a Buy rating.
- Deutsche Bank started Zoran (NASDAQ: ZRAN) with a Buy rating.
- Banc of America initiated Garmin (NASDAQ: GRMN) with a Neutral rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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