Filed under: Analyst reports, Analyst initiations

MOST NOTEWORTHY: Pioneer Southwest, Art Technology and Real Goods Solar were today’s noteworthy initiations:

• Friedman Billings initiated Pioneer Southwest (NYSE: PSE) with an Outperform rating and $25 target. The firm believes the current valuation does not reflect potential upside from the upstream drop-downs, which would result in higher distributions.
• ThinkPanmure believes Art Technology (NASDAQ: ARTG) is well-positioned to benefit from a strong replatforming cycle. Shares were initiated with a Buy rating and $4.50 target.
• Broadpoint said Real Goods Solar (NASDAQ: RSOL) has a disciplined operational model leading to profitable growth, and started shares with a Buy rating and $10 target. ThinkPanmure also initiated Real Goods Solar with a Buy rating and $10 target and said the company is well-positioned given strong underlying trends that include higher retail electricity costs, legislative renewable energy standards and incentives, declining solar photovoltaic systems costs, and “green momentum.”

OTHER INITIATIONS:

• Credit Suisse assumed Telmex International (NYSE: TII) with a Neutral rating and $18 target.
• Athenahealth (NASDAQ: ATHN) was initiated with a Hold rating at BB&T Capital.
• Western Gas Partners (NYSE: WES) was started at Citigroup with a Hold rating and $18.50 target.

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This entry was posted on Thursday, June 19th, 2008 at 6:22 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.