Filed under: Analyst initiations

MOST NOTEWORTHY: Earthlink, NetSuite and Gramercy Capital were today’s noteworthy initiations:

• B. Riley assumed coverage of Earthlink (NASDAQ: ELNK) with a Buy rating and $10.60 target, as they view the leading dial-up and broadband ISP as an attractive value-play.
• Citigroup initiated shares of NetSuite (NYSE: N) with a Sell rating, as they believe the current valuation implies the company needs to show significant upside.
• Gramercy Capital (NYSE: GKK) was initiated with an Overweight rating at JP Morgan on valuation and dividend yield.

OTHER INITIATIONS:

• Goldman started Fiserve (NASDAQ: FISV) with a Buy rating.
• Merrill initiated Yingli Green Energy (NYSE: YGE) with a Buy rating.
• Roche (OTC: RHHBY) was assumed with a Buy rating at Societe Generale.

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This entry was posted on Tuesday, January 15th, 2008 at 7:05 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.