Filed under: Analyst initiations

MOST NOTEWORTHY: ProAssurance, Sonic Automotive and Interstate Hotels & Resorts were today’s noteworthy initiations:

• Suntrust initiated ProAssurance (NYSE:PRA) with a Buy rating and $66 target and said the company has a strong position in the Midwest and Southeastern markets where it targets solo practitioners and small groups, where competition is less intense.
• Sonic Automotive (NYSE:SAH) was assumed with a Buy rating and $20 target at UBS, as they are positive on the company’s diversified business mix.
• Baird is believes Interstate Hotels & Resorts (NYSE:IHR) will leverage its operating experience through its growing ownership portfolio and views valuation as attractive. The firm started shares with an Outperform rating.

OTHER INITIATIONS:

• Merrill initiated Allscripts (NASDAQ:MDRX) with a Neutral rating.
• JMP Securities initiated Chimera Investment (NYSE:CIM) with a Market Perform rating.
• Bear initiated Cosan (NYSE:an) with an Outperform rating.

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This entry was posted on Friday, January 18th, 2008 at 3:45 pm 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.