Analyst initiations 8-02-07: AAPL, AMD, IBM, INTC and SUNW

Published: August 2, 2007, 6:16 am

Tags: aapl, advanced micro, advancedmicro, amd, analyst, apple, cdc corp, cdccorp, china, dell, hewlette packard, hewlettepackard, hpq, ibm, initiation, intc, intel, iphone, ipod, national semi, nationalsemi, nsm, nuva, nuvasive, pcz, petro canada, rating, sun, sunw, texas, txn

Filed under: Analyst reports, Apple Inc (AAPL), Dell (DELL), Hewlett-Packard (HPQ), Intel (INTC), International Business Machines (IBM), Advanced Micro Dev (AMD), Sun Microsystems (SUNW), Texas Instruments (TXN), Analyst initiations, Stocks to Buy, Stocks to SellMOST NOTEWORTHY: Apple (AAPL), large-cap semis, and CDC Corp (CHINA) were today's noteworthy initiations: Apple (NASDAQ: AAPL) was initiated with a Buy rating and $160 target at Banc of America, as the firm still sees a significant amount of upside in the stock from Mac share gains, strong iPod unit growth, and the iPhone, which they believe is being underestimated. Caris believes investors should focus on companies with strong product cycles that are gaining market share. They resumed coverage of Intel (NASDAQ: INTC), Texas Instruments (NASDAQ: TXN) and National Semiconductor (NASDAQ: NSM) with Above Average ratings, and resumed Advanced Micro (NYSE: AMD) with a Sell rating; Caris started Intel with a $26

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