Analyst initiations: ATML, SWKS, ALU, PRXL and MAPP
Posted Nov 14th 2007 11:30AM by Eric Buscemi
Filed under: Analyst reports, Coca-Cola (KO), PepsiCo (PEP), Carnival Corp (CCL), Alcatel-LucentADS (ALU), Analyst initiations
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MOST NOTEWORTHY: Atmel, Skyworks, Alcatel-Lucent, Parexel and Map Pharma were today's noteworthy initiations:
- Kaufman Bros. initiated Atmel (NASDAQ: ATML) with a Buy rating and $6 target, as they believe the company's increasing focus around its core microcontroller business can drive an improved growth and profitability profile going forward and would be buyers at current levels.
- The firm also started shares of Skyworks (NASDAQ: SWKS) with a Buy rating and a $10 target, as they like the company's balanced customer positioning and find the stock attractively valued at current levels.
- JP Morgan initiated Alcatel-Lucent (NYSE: ALU) with an Overweight rating and believes the risks are more than fully priced into shares at current levels.
- Parexel (NADSAQ: PRXL) was initiated with a Neutral rating at Broadpoint, as they believe the company's improved execution is already priced into shares.
- Deutsche Bank finds shares of Map Pharmaceuticals (NASDAQ: MAPP) attractively valued given the opportunity from the company's two late stage product candidates, UDB and Tempo Migraine. The firm started shares off with a Buy rating and $19 target.
OTHER INITIATIONS:
Tags: alcatel-lucent, alu, analyst, atmel, atml, carnival, ccl, cedar fair, CedarFair, coca-cola, fun, initiation, ko, map pharma, mapp, MapPharma, parexel, pep, pepsi, prxl, rcl, royal caribbean, RoyalCaribbean, skyworks, swks
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