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MOST NOTEWORTHY: Gen-Probe, iRobot and Emeritus were today's noteworthy initiations:
- RBC Capital expects Gen-Probe Inc. (NASDAQ: GPRO) to continue to generate high margin, annuity-like revenue from its core business while new tests with good long-term growth. Shares were initiated with an Outperform rating and $66 target.
- Kaufman Brothers believes robotics technology is more than just a fad and that iRobot (NASDAQ: IRBT) is well-positioned given its innovation applications and innovative applications that create new solutions to existing issues; Kaufman started iRobot with a Buy rating and $22 target.
- Jefferies believes Emeritus Corp. (AMEX: ESC), initiated with a Buy rating, is well-positioned to drive superior cash flow growth given favorable/stable industry fundamentals and renewed operational focus.
OTHER INITIATIONS:
- Piper assumed Comverge Inc. (NASDAQ: COMV) with a Buy rating and $17 target.
- Morgan Stanley initiated Excel Maritime Carriers Ltd. (NYSE: EXM) with an Overweight rating.
- Thomson Reuters (NASDAQ: TRIN) was initiated at JP Morgan with a Neutral rating.
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