Filed under: Analyst reports , Google (GOOG) , Microsoft (MSFT) , Aon Corp (AOC) , Analyst initiations MOST NOTEWORTHY: Google, Boyd Gaming and Microsoft were today's noteworthy initiations:
Kaufman Bros. believes Google (NASDAQ: GOOG ) has "only begun to scratch the surface" of its local market opportunity. Shares were assumed with a Buy rating and $680 target.
Banc of America believes Boyd Gaming (NYSE: BYD ) will face financing challenges with its Echelon resort, and initiated shares with a Sell rating and $14 target.
Lehman reinstated Microsoft (NASDAQ: MSFT ) with an Equal Weight rating and $34 target based on peaking Vista/Office 2007 cycles, uncertain online strategy, and increased investment.
OTHER INITIATIONS:
Goldman started AON Corp. (NYSE: AOC ) with a Neutral rating.
Broadpoint initiated Covanta (NYSE: CVA ) with a Buy rating and $32 target.
Companhia Vale Do Rio Doce (NYSE: RIO ) was assumed at Citigroup with a Buy rating and $48 target.
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