Analyst initiations: WMS, GSIC and LXU

Filed under: Analyst reports, Analyst initiations

MOST NOTEWORTHY:

• William Blair believes WMS Industries (WMS) should continue to gain market share for new slot machine placements. Shares were initiated with an Outperform rating.
  


• Susquehanna is positive on GSI Commerce's (GSIC) secular growth in eCommerce, recent expansion overseas, and cross selling opportunities. The firm assumed shares with a Positive rating.
  


• Roth Capital initiated LSB Industries (LXU) with a Buy rating and $25 target. The firm believes the company's HVAC products offer some of the highest efficiencies in the industry and that the recent escalation in energy prices increases the emphasis on such products.

• Foot Locker (FL) was initiated with a Hold rating and $12 target at Sterne Agee.
  


• Lehman started Hughes (HUGH) with an Overweight rating and $70 target.
  


• American Water Works (AWK) was initiated at Merrill with a Buy rating and $25 target.

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