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Analyst initiations: SanDisk, Edison International, Animal Health International

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MOST NOTEWORTHY: Edison International, Animal Health International and SanDisk were today's noteworthy initiations:
  • RBC Capital initiated Edison International (NYSE: EIX) with an Outperform rating and $64 target citing strong rate base growth and the favorable environment at Southern California Edison.
  • Piper assumed coverage of Animal Health International (NASDAQ: AHII) with a Buy rating and $10 target, as they believe the current valuation is attractive from long-term investors.
  • Pacific Crest started SanDisk (NASDAQ: SNDK) with a Sector Perform rating and believes the valuation is too high following the recent strength as product margins are trending down.
OTHER INITIATIONS:
Symbol Lookup
IndexesChangePrice
DJIA+4.088,284.82
NASDAQ-18.051,778.47
S&P 500-3.12893.30

Last updated: July 06, 2009: 02:56 PM

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