Analyst initiations: ATHN, BRCD, RBS and HGSI

Posted Nov 1st 2007 11:20AM by Eric Buscemi
Filed under: Analyst reports, Analyst initiations

MOST NOTEWORTHY: Athenahealth, Brocade Communications Systems, Royal Bank of Scotland and Human Genome were today's noteworthy initiations:

Caris initiated shares of Athenahealth (NASDAQ: ATHN) with an Average rating and $26 target, as they believe an unachievable growth rate is priced into shares at current levels.
Brocade Communications Systems (NASDAQ: BRCD) was initiated with a Neutral rating at UBS.
Royal Bank of Scotland (NYSE: RBS) was initiated with an Underweight rating at Lehmen.
JP Morgan resumed coverage of Human Genome Sciences (NASDAQ: HGSI) with a Neutral rating.

OTHER INITIATIONS:

Lazard resumed coverage of Zoran (NASDAQ: ZRAN) with a Hold rating and Sigma Designs (NASDAQ: SIGM) with a Buy rating.
Stifel initiated Tortoise Energy Capital (NYSE: TYY) with a Buy rating and $32 target.
HSBC initiated DSG International (OTC: DSITY) with an Overweight rating.

Tags: analyst, athenahealth, athn, brcd, brocade, dsg, dsity, hgsi, human genome, HumanGenome, initiation, rbs, royal bank of scotland, RoyalBankOfScotland, sigm, sigma, tortoise, tyy, zoran, zran

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