Analyst initiations: CALP, NTAP, EMC, CNQR and TTGT
Posted Oct 5th 2007 11:00AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations, EMC Corp (EMC)
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MOST NOTEWORTHY: Caliper Life Sciences, Network Appliance, EMC Corp, Concur Tech and TechTarget were today's noteworthy initiations:
- Caliper Life Sciences Inc (NASDAQ: CALP) was initiated at Piper Jaffray with an Outperform rating and $8 target. Piper believes the company's collection of acquisitions offers a diverse portfolio targeting a $1.2B segment of the life science tools market.
- Credit Suisse resumed coverage of Network Appliance Inc (NASDAQ: NTAP) and EMC Corporation (NYSE: EMC) with Neutral ratings and a $28 target and $20 target, respectively, as they have concerns of near-term demand risk.
- Concur Technologies (NASDAQ: CNQR) was started at Jefferies with a Buy rating and $40 target, as they believe the company is changing the landscape of employee expense management by integrating travel and expense reimbursement and feels shares deserve a premium valuation.
- Oppenheimer sees limited upside from current levels at TechTarget Inc (NASDAQ: TTGT) and would consider an entry point in the low-to-mid teens. The firm started shares with a Neutral rating and $17 target.
OTHER INITIATIONS:
Tags: Badger Meter, BadgerMeter, BMI, Caliper Life Sciences, CaliperLifeSciences, CALP, CNQR, COMV, Comverge, Concur Tech, ConcurTech, DemandTec, DMAN, EMC, EMC Corp, EmcCorp, initiations, K Swiss, KSwiss, KSWS, Network Appliance, NetworkAppliance, NTAP, TechTarget, TTGT
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