Analyst initiations 2-09-07: Broadcom started with a Buy at Merrill Lynch
Posted Feb 9th 2007 11:36AM by Kevin Shult
Filed under: Before the bell, Allegheny Energy (AYE), Analyst initiations, Broadcom Corp'A' (BRCM)
MOST NOTEWORTHY: Broadcom Corp (BRCM) and American Medical Systems Holdings (AMMD) were today's notable initiations.
- Merrill Lynch reinstated Broadcom Corp (NASDAQ: BRCM) with a Buy rating and $42 target to reflect the company's secular growth story.
- Thomas Weisel started American Medical Systems Holdings (NASDAQ: AMMD) with an Overweight rating and $16 target; the firm says American Medical is a leader in surgical urology and gynecology and sees upside from the company's full pipeline.
OTHER INITIATIONS:
- NaviSite inc (NASDAQ: NAVI) was initiated with a Market Weight rating at Thomas Weisel.
- Medicis Pharmaceutical Corp (NYSE: MRX) was initiated with a Buy rating and $45 target at Jefferies.
- Soleil initiated Amylin Pharmaceuticals Inc (NASDAQ: AMLN) with a Hold rating.
- DA Davidson started Allegheny Technologies Inc (NYSE: ATI) with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: allegheny, amln, amlyn, ammd, analyst, ati, brcm, broadcom, initiation, medical systems holdings, MedicalSystemsHoldings, medicis, mrx, navi, rating change, RatingChange, ratings, theflyonthewall.com
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