Analyst initiations: FSLR, JASO, ALU, NOK and ERIC
Posted Oct 11th 2007 11:30AM by Eric Buscemi
Filed under: Analyst reports, Nokia Corp. (NOK), Alcatel-LucentADS (ALU), Analyst initiations
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MOST NOTEWORTHY: First Solar, JA Solar, Alcatel-Lucent, Nokia and Ericsson were today's noteworthy initiations:
- First Solar (NASDAQ: FSLR) and JA Solar Holdings (NASDAQ: JASO) were initiated with Buy ratings and targets of $160 and $61 at Collins Stewart. Collins Stewart sees room for margin expansion and is positive on First Solar after channel checks; the firm expects JA Solar to expand capacity given its long-term supply agreements with four wafer suppliers.
- Merrill Lynch started shares of Alcatel-Lucent (NYSE: ALU) with a Sell rating, citing a lack of revenue growth prospects.
- The firm also started shares of Nokia Corporation (NYSE: NOK) with a Buy rating, as they believe the company's share gains and margin expansion will continue.
- Merrill also resumed coverage of Ericsson (NASDAQ: ERIC) with a Neutral rating, expecting high single digit earnings and share growth, but not enough for a Buy rating.
OTHER INITIATIONS:
Tags: alcatel-lucent, alu, analyst, arena, arna, dendreon, dndn, eric, ericsson, first solar, FirstSolar, fslr, initiation, inthenews, isis, ja solar, jaso, JaSolar, mipi, molecular insight, MolecularInsight, nbix, neurocrine, nok, nokia
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