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Analyst initiations: HLF, LVLT and SNDK

Posted Aug 3rd 2007 10:32AM by Kevin Shult
Filed under: Analyst Reports, Analyst Initiations, Level 3 Communications (LVLT), SanDisk Corp (SNDK)

MOST NOTEWORTHY: SanDisk (SNDK), Indevus Pharmaceuticals (IDEV), Integra LifeSciences (IART) and Level 3 Communications (LVLT) were today's noteworthy initiations:

SanDisk (NASDAQ: SNDK) was initiated with a Neutral rating at Cowen, as the firm believes it could face challenges in Q4 NAND flash memory demand given supply.

Rodman & Renshaw initiated shares of Indevus (NASDAQ: IDEV) with a Market Outperform rating and $10 target. The firm believes Indevus Nebibo and Sanctura XR upcoming events provide an attractive entry point.

Morgan Stanley initiated shares of Integra LifeSciences (NASDAQ: IART) with an Equal Weight rating and $55 target, citing competitive risks from larger competitors.

Shares of Level 3 Communications (NASDAQ: LVLT) were initiated at Raymond James with an Underperform rating, as the firm believes estimates will be difficult to achieve given high debt levels and free cash flow.

OTHER INITIATIONS:

Cowen initiated shares of STEC Inc (NASDAQ: STEC) and Spansion (NASDAQ: SPSN) with Neutral ratings and shares of Silicon Motion Technology Corp (NASDAQ: SIMO) with an Outperform rating.

Pacific Crest initiated shares of Universal Electronics (NASDAQ: UEIC) with a Sector Perform rating on valuation.

Merrill Lynch started shares of FirstFed Financial (NYSE: FED) with a Sell rating.

Goldman Sachs started shares of Herbalife (NYSE: HLF) with a Buy rating and $50 target.

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

Tags: analyst, fed, firstfed, herbalife, iart, idev, indevus, initiation, integra, level 3, Level3, lvlt, rating, sandisk, silicon, simc, sndk, spansion, spsn, stec, ueic, universal

Indexes	Change	Price
DJIA	-112.58	12,777.88
NASDAQ	-20.35	2,906.88
S&P 500	-10.08	1,341.87

Last updated: February 10, 2012: 12:29 PM

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