Filed under: Analyst reports, Analyst initiations

MOST NOTEWORTHY: Nvidia, Entropic Comm and Cleveland Cliffs were today’s noteworthy initiations:

• Piper initiated Nvidia (NASDAQ: NVDA) with a Neutral rating and $23 target and believes the rate at which the company gained market share over the past two years is unsustainable. The firm expects EPS deceleration over the next few years.
• Piper believes Entropic Comm (NASDAQ: ENTR) is a key benefactor from the general adoption of high definition video consumer goods, as well as from growth in multi-room DVRs. The firm assumed shares with a Buy rating and $10 target.
• Cleveland Cliffs (NYSE: CLF) was started with a Buy rating and $135 target at Deutsche Bank. The firm believes CLF is a leveraged play on bulk commodities’ momentum.

OTHER INITIATIONS:

• Merrill initiated Allied Capital (NYSE: ALD) with a Neutral rating.
• Stifel initiated Blue Nile (NASDAQ: NILE) with a Buy rating and $54 target, and initiated Bank of Florida (NASDAQ: BOFL) with a Buy rating.

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This entry was posted on Monday, March 3rd, 2008 at 7:41 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.