FMD: Kaufman is out with a major call on First Marblehead (NYSE:FMD), UNCL & SLM saying that while the securitization market for most asset-backed securities has...
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MOST NOTEWORTHY: MRU Holdings (UNCL), CVS/Caremark (CVS), Medco Health (MHS) and Blackboard (BBBB) were today's noteworthy initiations:
Kaufman Bros. expects MRU Holdings (NADAQ: UNCL) to post a profit in Q4 for the first time due to its first student loan securitization and started shares with a Buy rating and $9 target.
Thomas Weisel believes shares of CVS/Caremark (NYSE: CVS) represent a compelling risk/reward at these levels, initiating shares with an Overweight rating and $51 target, given the positive trends in the market and the likelihood of successful merger integration.
Thomas Weisel believes Medco Health (NYSE: MHS) is well positioned to capitalize on continued generic conversions, starting shares with an Overweight rating and $100 target.
Banc of America would be buyers of Blackboard (NASDAQ: BBBB) current levels, initiating shares with a Buy rating and $50 target, given the company's defensible business model and market leadership position.
OTHER INITIATIONS:
UBS started Gaylord Entertainment (NYSE: GET) with a Neutral rating.
Leerink Swann initiated Phase Forward (NASDAQ: PFWD) with a Market Perform rating and $19-$20 valuation range.
FAP874: Student loan companies, jobcast, Free Stuff Friday
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Student Financial Aid News Roundup
My Rich Uncle (ticker: UNCL) ceased lending this week.
Lehman Brothers (ticker: LEH) is on the rocks. They may not survive the weekend. As a result, their private student loans subsidiary, Campus Door, won’t make it, either.
Sallie Mae (ticker: [...]
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