Analyst initiations: BNVI, CTCT, SENO and RMDX
Posted Nov 12th 2007 10:29AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations
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MOST NOTEWORTHY: Bionovo, Constant Contact, Senorx, and RemoteMDx were today's noteworthy initiations:
- Merriman initiated Bionovo Inc (NASDAQ: BNVI), with a Buy rating, as they believe shares are undervalued given the company's development pipeline and related intellectual property.
- Constant Contact Inc (NASDAQ: CTCT) was initiated with a Market Weight rating at Thomas Weisel. The company was also initiated with a Sector Outperformer and $30 target at CIBC, as they believe the company is well-positioned in the on-demand email marketing segment.
- Citigroup initiated Senorx Inc (NASDAQ: SENO) with a Hold rating and $12 target, citing competition concerns and their belief that infrastructure investments could delay profitability.
- BWS Financial said RemoteMDx Inc (OTC: RMDX) has been able to secure contracts that should result into larger follow-on orders as the TrackerPAL starts to have a history in real life scenarios. The firm started shares off with a Buy rating and $8.75 target.
OTHER INITIATIONS:
Tags: Bionovo, BNVI, CEA, China Eastern Airlines, China Southern Air, ChinaEasternAirlines, ChinaSouthernAir, Constant Contact, ConstantContact, CTCT, HTCH, Hutchinson Tech, HutchinsonTech, initiations, RemoteMDx, RMDX, Seagate Tech, SeagateTech, SENO, Senorx, STX, ZNH
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