Analyst initiations: GSIT, ARRY and CLR

Posted Feb 7th 2008 10:18AM by Laurie Pasternack
Filed under: Analyst initiations

MOST NOTEWORTHY: GSI Technology, Array Biopharma and Continental Resources were today's noteworthy initiations:

Merriman believes GSI Technology Inc (NASDAQ: GSIT) is positioned to benefit as growing bandwidth demand and increasingly complex protocols drive the need for faster and higher density memory in networking equipment. The firm started shares with a Buy rating.
Array Biopharma Inc (NASDAQ: ARRY) was assumed with an Outperform rating at William Blair. The firm thinks the company's pipeline contains significant value, which will be catalyzed over the next 12-18 months by continued clinical progress and potential partnerships.
Continental Resources Inc (NYSE: CLR) was initiated with a Buy rating and $30 target at Jefferies, and points to the company's double-digit growth and strong reserve growth potential.

OTHER INITIATIONS:

Lehman initiated Ventas Inc (NYSE: VTR) with an Equal Weight rating $46 target and HCP Inc (NYSE: HCP) with an Overweight rating.
The Boston Beer Company Inc (NYSE: SAM) was assumed with an Overweight rating and $43 target at HSBC.

Tags: Array Biopharma, ArrayBiopharma, ARRY, Boston Beer, BostonBeer, CLR, Continental Resources, ContinentalResources, GSI Technology, GSIT, GsiTechnology, HCP, Healthcare Property, HealthcareProperty, initiations, SAM, Ventas, VTR

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