Analyst initiations: WYE, SSRX, CEL and PTNR

Posted Jul 18th 2008 11:40AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

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:

HCP (NYSE: HCP), Nationwide Health Properties (NYSE: NHP) and Medical Properties Trust (NYSE: MPW) were initiated with Market Perform ratings at Wachovia.
SanDisk (NASDAQ: SNDK) was assumed with an Above Average rating and $20.50 target at Caris.

Tags: CEL, MPW, NHP, PTNR, SNDK, SSRX, WYE

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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