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MOST NOTEWORTHY: Corning, BTU International and RiskMetricks were today's noteworthy initiations:
- ThinkPanmure believes Corning (NYSE: GLW) is well-positioned to benefit from increased penetration of LCD panels into televisions, flat panel monitors, notebooks, and mobile handsets. Shares were initiated with an Accumulate rating and $31 target.
- Thomas Weisel said BTU International (NASDAQ: BTUI) is seeing strong order trends for the company's high margin solar sales in its in-line diffusion furnace and metallization products. The firm started shares with an Overweight rating and $15 target.
- RiskMetrics (NYSE: RMG) was assumed at JMP Securities with an Ootperform rating and $26 target. The firm expects RMG to benefit from greater focus on managing portfolio risk and on corporate governance issues.
OTHER INITIATIONS:
- Intel (NASDAQ: INTC) was initiated at ThinkPanmure with a Buy rating and $29 target.
- Gen-Probe (NASDAQ: GPRO) was assumed at William Blair with an Outperform rating.
- Baird initiated BJ's Restaurants (NASDAQ: BJRI) with a Neutral rating and $13 target.
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