Filed under: Analyst initiations

MOST NOTEWORTHY: Greatbatch and Blue Coat Systems were today’s noteworthy initiations:

• Piper assumed coverage of Greatbatch (NYSE: GB) with a Neutral rating and $19.50 target as they believe acquisition-related expenses will weigh on near-term bottom-line results.
• Collins Stewart believes shares of Blue Coat Systems (NASDAQ: BCSI) are highly attractive at current levels. The firm started shares with a Buy rating and $29 target.

OTHER INITIATIONS:

• Ultra Petroleum (NYSE: UPL) was initiated at Credit Suisse with an Outperform rating and $82 target.
• Lehman assumed Dana Holding (NYSE: DAN) with an Overweight rating and $15 target.

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This entry was posted on Monday, March 24th, 2008 at 8:46 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.