New Ratings (ACN, BKU, CRI, CTSH, GIL, HBI, INFY, MFB, MRO, NPTN, NVAX, NVDA, ONTY, SYNT, TRNX, TZOO)
Published on Tuesday, 15 March 2011 07:59 Written by Danny Miller
New York, March 15th (TradersHuddle.com) – Following are some of the new analyst ratings before the market open.
Research Firms Initiate or Resume:
Accenture (NYSE:ACN) was resumed with Outperform and a target price of $63 at Robert W. Baird. The firm believes the combination of accelerating revenue growth and margin expansion can drive continued strong performance and an improving multiple.
BankUnited (NYSE:BKU) was initiated with a Hold and a target price of $29 at Deutsche Bank.
Carter's (NYSE:CRI) was initiated with a Hold and a target price of $30 at Citigroup.
Cognizant Tech (NASDAQ:CTSH), the information technology consulting and services firm, was resumed with a Neutral and a target price of $82 at Robert W. Baird. The firm notes that while it acknowledges industry-leading growth and strong execution, it is valuation sensitive. It expects continued strong operating performance, though they expect some revenue growth deceleration in the next few years.
Gildan Activewear (NYSE:GIL), the maker and marketer of branded basic activewear, was initiated with a Hold at Citigroup.
Hanesbrands (NYSE:HBI), the maker of underwear and activewear for the whole family, was initiated with a Buy and a target price of $33 at Citigroup.
Infosys Technologies (NASDAQ:INFY), the provider of IT consulting and software services, including e-business and supply chain solutions, was resumed with a Neutral and a target price of $75 at Robert W. Baird. The Firm expects strong growth to continue in offshore IT Services, and expect Infosys to participate. While firm expect continued strong growth, they are Neutral-rated given the potential for industry growth deceleration, limited margin expansion, and potential stock underperformance if the overall stock market became increasingly volatile.
Maidenform Brands (NYSE:MFB) was initiated with a Buy and a target price of $33 at Citigroup.
Marathon Oil (NYSE:MRO), the integrated oil company based in Houston, TX, was initiated with a Positive and a target price of $61 at Susquehanna.
NeoPhotonics (NASDAQ:NPTN) was initiated with a Hold at Deutsche Bank.
Novavax (NASDAQ:NVAX) was initiated with Outperform and a target price of $6 at Wedbush.
NVIDIA (NASDAQ:NVDA), the world leader in visual computing technologies, was initiated with Market Perform at Wells Fargo.
Oncothyreon (NASDAQ:ONTY) was initiated with Outperform and a target price of $6 at Wedbush.
Syntel (NASDAQ:SYNT) was resumed with a Neutral and a target price of $57 at Robert W. Baird. The firm views the company as a high-quality IT Services firm with a pattern of strong execution. It expects a continuation of solid growth, though acknowledge greater risks of client/vertical/geographical concentration, relative to its peers.
Tornier N.V. (NASDAQ:TRNX) was initiated with Overweight and a target price of $23 at Piper Jaffray. Tornier was also initiated with Outperform at William Blair and with Overweight and a target price of $24 at JP Morgan.
Travelzoo (NASDAQ:TZOO) was initiated with a Buy and a target price of $54 at The Benchmark Company. The firm said the company should sustain mid-teens growth in its core travel advertising business aided by steady travel supplier demand to promote travel deals while its local deals could blossom, enhancing margins and driving EPS growth.
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