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Analyst initiations: Evergreen Solar, Myriad Genetics, Columbia Laboratories

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MOST NOTEWORTHY: Evergreen Solar, Myriad Genetics and Columbia Laboratories were today's noteworthy initiations:

  • Kaufman Bros. believes Evergreen Solar (NASDAQ: ESLR) is well-positioned to take advantage of a decline in raw material costs because it makes its own wafers on its own equipment. The firm started shares with a Buy rating and $18 target.
  • Myriad Genetics (NASDAQ: MYGN) was initiated at RBC Capital with an Underperform rating and $37 target and expects negative Phase III results for Flurizan when data is presented in June.
  • Caris believes Columbia Laboratories (NASDAQ: CBRX) has two potential high value treatments, one to prevent preterm birth and the other to treat primary dysmenorrhea. Shares were initiated with a Buy rating and $11 target.

OTHER INITIATIONS:

  • McDermott (NYSE: MDR) was initiated with a Buy rating and $70 target at KeyBanc.
  • Morgan Stanley assumed Canon (NYSE: CAJ) with an Overweight rating.
  • Polaris Industries (NYSE: PII) was initiated at William Blair with a Market Perform rating.
Symbol Lookup
IndexesChangePrice
DJIA-23.3610,427.59
NASDAQ-8.542,167.47
S&P 500-0.641,105.60

Last updated: November 24, 2009: 10:55 AM

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