Analyst initiations: JAVA, FTI, TPTX and EXEL
Posted Sep 14th 2007 10:35AM by Eric Buscemi
Filed under: Analyst Reports, Research in Motion (RIMM), Fortune Brands (FO), Sun Microsystems (JAVA), Analyst Initiations
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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:
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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