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Analyst initiations 11-3-06: Sapient initiated with Buy

Posted Nov 3rd 2006 11:34AM by Melly AlazrakiMelly Alazraki RSS Feed
Filed under: Analyst Upgrades and Downgrades


MOST NOTEWORTHY: Sapient (SAPE) tops today's minute list of initiations.

  • Rochdale considered 2007 consensus estimates on Sapient Corp. (NASDAQ:SAPE) to be too low and considers the company to be an attractive acquisition target. The firm initiated Sapient with a Buy rating and $7 target.

OTHER INITIATIONS:

  • Citigroup initiated two Biotech stocks: Adolor Corp. (NASDAQ:ADLR) and Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) with Buy ratings, and noted both companies are developing two novel drugs in the attractive constipation market.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: adlr, adolor, biotech, pgnx, prgenics, sape, spient

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