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Analyst initiations: SPSN, AUY and CRXX

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MOST NOTEWORTHY: Spansion, Yamana Gold and Combinatrox were today's noteworthy initiations:
  • Spansion (NASDAQ: SPSN) was initiated with a Buy rating and $5 target at CRT Capital. The firm expects a stable pricing environment and seasonal demand to improve financial and credit metrics towards the back half of this year.
  • Yamana Gold (NYSE: AUY) was initiated with a Neutral rating at HSBC.
  • Punk Ziegel views shares of Combinatrox (NASDAQ: CRXX) as undervalued given its broad pipeline of drugs with significant potential. The firm started shares with a Buy rating and $7.50.
Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 04:25 PM

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