Analyst initiations: Clean energy sector, MOGN, AAPL and KOSN
Posted Oct 17th 2007 11:00AM by Eric Buscemi
Filed under: Analyst reports, Apple Inc (AAPL), Analyst initiations
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MOST NOTEWORTHY: The U.S. clean energy sector, MGI Pharma, Apple and Kosan Biosciences were today's noteworthy initiations:
- Morgan Stanley initiated the U.S. clean energy sector with an Attractive view. The analyst assumed coverage of First Solar (NASDAQ: FSLR), Fuel Tech (NASDAQ: FTEK) and SunPower Corporation (NASDAQ: SPWR) with Overweight ratings and EnerNOC, Inc (NASDAQ: ENOC) with an Underweight rating.
- Banc of America started shares of MGI Pharma (NASDAQ: MOGN) with a Buy rating and $45 target, as they expect sales growth in 2008 to be driven by Aquavan, which they view as an underappreciated asset, and potential survival data for Dacogen.
- Soleil believes Apple (NASDAQ: AAPL) could nearly double its PC market share to between 5.5% and 6% over the next five years. The firm started shares with a Buy rating and $200 target.
- Roth Capital initiated Kosan Biosciences (NASDAQ: KOSN) with a Buy rating and $10 target, as they are positive on the company's Hsp90 program and expect an NDA filing as early as 2009 in the relapsed-refractory settings.
OTHER INITIATIONS:
Tags: aapl, analyst, apple, castlepoint, cphl, embarq, enernoc, enoc, eq, first solar, FirstSolar, fslr, ftek, fuel tech, FuelTech, initiation, kosan, kosn, mgi pharma, MgiPharma, mogn, spwr, sunpower, time warner telecom, TimeWarnerTelecom, twtc
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