Analyst initiations: Amazon, Altria Group, Skilled Healthcare

Filed under: Analyst reports, Amazon.com (AMZN), Altria Group (MO), Novell Inc (NOVL), Intuit Inc (INTU), Analyst initiations

MOST NOTEWORTHY:

• Canaccord Adams expects Amazon.com (NASDAQ: AMZN) growth to be driven by its expanding international reach, mix shift to third-party revenue, product innovation, and category expansion. The firm initiated shares with a Buy rating and $78 target.
  


• UBS is positive on Altria's (NYSE: MO) growth, low likelihood of downward EPS revisions, and best-in-class cash flow distribution; shares were started with a Buy rating.
  


• Skilled Healthcare (NYSE: SKH) was initiated with an Outperform rating at Morgan Keegan, as they believe nursing home reimbursement risk is already reflected in its valuation.

• KeyBank assumed Callaway Golf (NYSE: ELY) with a Buy rating and $19 target.
  


• Credit Suisse initiated Intuit (NASDAQ: INTU) with an Outperform rating and $35 target.
  


• Broadpoint initiated Novell (NASDAQ: NOVL) with a Buy rating.

<map name="google_ad_map_145-1143005"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1143005?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map>