Analyst initiations: JAVA, FTI, TPTX and EXEL

MOST NOTEWORTHY: Sun Microsystems (JAVA), FMC Technologies (FTI), TorreyPines (TPTX), and Exelixis (EXEL) were today's noteworthy initiations:

Sun Microsystems Inc (NASDAQ: JAVA) was initiated with a Market Perform at BMO Capital, which views the shares' risk/reward as favorable around $5.
FMC Technologies Inc (NYSE: FTI) was initiated with a Buy by Jefferies, which believes strong subsea fundamentals will drive strong earnings by the company.
TorreyPines Therapeutics Inc (NASDAQ: TPTX) was initiated with a Strong Buy at JMP Securities, which said PhIIb data in Q4 on the company's tezampanel drug could increase investor conviction on the first in-class drug.
Exelixis Inc (NASDAQ: EXEL) was initiated with a Buy by Lazard, which believes Exelixis has a promising pipeline.

OTHER INITIATIONS:

Fortune Brands Inc (NYSE: FO) was assumed with a Neutral rating by JMP Securities.
Evergreen Solar Inc (NASDAQ: ESLR) was assumed with a Hold rating by Jefferies.
Research in Motion Limited (NASDAQ: RIMM) and Kodiak Oil & Gas Corp (AMEX: KOG) were initiated with Outperform ratings at BMO Capital.

Tags: ESLR, Evergreen Solar, EvergreenSolar, EXEL, Exelixis, FMC Tech, FmcTech, FO, Fortune Brands, FortuneBrands, FTI, JAVA, Research in Motion, ResearchInMotion, RIM, RIMM, Sun Microsystems, SunMicrosystems, TorreyPines, TPTX

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