Analyst initiations: Entropic Comm, Epix Pharma, Hiland Partners
Posted Jan 16th 2008 12:25PM by Eric Buscemi
Filed under: Analyst initiations
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MOST NOTEWORTHY: Entropic Comm, Epix Pharma and Hiland Partners were today's noteworthy initiations:
- JMP Securities is positive on Entropic's (NASDAQ: ENTR) business with Verizon (NYSE: VZ) Fios and Dish/Echostar (NASDAQ: DISH) and expects other high volume deployments to be announced with other cable service providers. The firm assumed coverage with a Strong Buy rating and $10 target.
- RBC Capital initiated Epix Pharma (NASDAQ: EPIX) with an Outperform rating and $6 target, as they are positive on the company's four programs targeting novel GPCR receptors, partnership deals with GlaxoSmithKline (NYSE: GSK) and Amgen (NASDAQ: AMGN), and low valuation.
- Morgan Keegan initiated Hiland Partners (NASDAQ: HLND) with an Outperform rating, as they view the company's units as undervalued.
OTHER INITIATIONS:
- JP Morgan initiated Comverge (NASDAQ: COMV) with a Market Perform rating.
- UBS initiated Danaher (NYSE: DHR) with a Buy rating and $95 target.
- Benchmark Electronics (NYSE: BHE) was initiated with an Equal Weight rating and $18 target at Lehman.
Tags: AMGN, BHE, COMV, DHR, DISH, ENTR, EPIX, GSK, HLND
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