Analyst initiations: ATHN, MRVL, BRCM and NVDA
Posted Oct 30th 2007 11:15AM by Eric Buscemi
Filed under: Analyst Reports, Sara Lee Corp (SLE), Analyst Initiations, Broadcom Corp'A' (BRCM), Marvell Technology Group (MRVL)
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MOST NOTEWORTHY: Athenahealth, Marvell Technology, Broadcom and Nvidia were today's noteworthy initiations:
- Athenahealth (NASDAQ: ATHN) was initiated with a Neutral rating at Goldman Sachs. Jefferies started shares of the stock with a Buy rating and $46 target, as they believe their estimates could prove conservative given potential upside from new and existing physicians adopting athenaClinicals.
- Kaufman Bros initiated Marvell Technology (NASDAQ: MRVL) with a Hold rating and $18 target, as they believe near-term growth prospects remain uncertain and recommends waiting for more favorable entry points.
- The firm also initiated Broadcom Corporation (NASDAQ: BRCM) with a Hold rating and $35 target, and believes the company's growth prospects are priced into shares following the recent rally, and started shares of Nvidia Corporation (NASDAQ: NVDA) with a Buy rating and $42 target, as they believe the company's growth opportunity and competitive strength remain intact and would be buyers at current levels.
OTHER INITIATIONS:
Tags: analyst, athenahealth, athn, brcm, broadcom, carmax, hep, holly energy partners, HollyEnergyPartners, initiation, kmx, marvell, mrvl, nvda, nvidia, sara lee, SaraLee, sle, teekay offshore, TeekayOffshore, too, us bioenergy, usbe, UsBioenergy
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