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MOST NOTEWORTHY: Wyeth, 3SBio Inc, Cellcom Israel and Partner Communications were today's noteworthy initiations:
- Citigroup initiated Wyeth (NYSE: WYE) with a Hold rating and $49 target. The firm believes the upside potential from bapineuzumab is masking the company's unfavorable average EPS and revenue growth forecast versus the industry.
- Piper believes 3SBio Inc (NASDAQ: SSRX) is the market leader in a largely underpenetrated EPO market in China and sees limited downside risk. Shares were assumed with a Buy rating and $12 target.
- RBC Capital initiated Cellcom Israel (NYSE: CEL) and Partner Communications (NASDAQ: PTNR) with Outperform ratings and targets of $40 and $30, respectively. RBC said they have defensive appeal given their predictable earnings stream.
OTHER INITIATIONS:
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
Reader Comments (Page 1 of 1)
7-18-2008 @ 12:24PM
Beltway Greg said...
Gotta love them boys from the north, Canaccord for putting an even newer improved price target on their even newer improved mo betta buttah' price of $425 on POT. Them kids is crazy but I like their style. Also, I hear that Tim Hortons is always looking for some new talent.
Disclosure: Long POT but if it goes to $300 I'll buy each and every one of them a Molson. If it goes to $400 they all get a cottage on the lake.
Beltway Greg