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Analyst initiations: Cougar Biotech, Penford, AtriaCure

Posted Dec 19th 2007 11:34AM by Eric Buscemi (RSS feed)
Filed under: Analyst Initiations

MOST NOTEWORTHY: Cougar Biotech, Penford and AtriaCure were today's noteworthy initiations:

Oppenheimer believes Cougar Biotech's (NASDAQ: CGRB) lead compound abiraterone is well positioned to address two underserved lines of therapy in prostate cancer with highly unmet medical needs. The firm assumed coverage of Cougar with a Buy rating and $43 target.
Jefferies believes Penford's (NASDAQ: PENX) initiatives to improve product mix and increase returns on capital should lift the company's valuation multiples, starting shares with a Buy rating and $33 target.
AtriaCure (NASDAQ: ATRC) was initiated with an Outperform rating and $17 target at Barrington, as they have confidence the company's minimally invasive approach will be the standard of care procedure for the less invasive surgical management of atrial fibrillation.

OTHER INITIATIONS:

Penske Automotive (NYSE: PAG) was initiated with a Reduce rating and $17 target at Calyon.
Broadpoint initiated Applied Material (NASDAQ: AMAT) with a Neutral rating.
Jefferies initiated eHealth (NASDAQ: EHTH) with a Buy rating and $36 target.

Analyst initiations: ETN, EXPE, INTU, PCLN and SOHU

Posted Aug 9th 2007 10:18AM by Kevin Shult (RSS feed)
Filed under: Analyst Reports, Intuit Inc (INTU), Analyst Initiations, Eaton Corp (ETN), Stocks to Buy, Stocks to Sell

MOST NOTEWORTHY: The machinery industry, Sohu.com (SOHU), Intuit (INTU), Priceline.com (PCLN) and Expedia (EXPE) were today's noteworthy initiations:

JP Morgan assumed coverage of 5 machinery stocks: The firm assumed Eaton (NYSE: ETN) and Illinois Tool Works (NYSE: ITW) with Overweight ratings and Ingersoll-Rand (NYSE: IR), Parker Hannifin (NYSE: PH) and Kennametal (NYSE: KMT) with Neutral ratings. JP Morgan's top picks in the group are Illinois Tool Works and Eaton.

Pali initiated Sohu.com (NASDAQ: SOHU) with a Buy rating and $41 target and believes the Olympic Games represent the biggest growth catalyst for the company.

Jefferies started shares of Intuit (NASDAQ: INTU) with a Buy rating and $34 target, likes the momentum in TurboTax and QuickBooks and sees potential upside fo FY08 expectations.

Banc of America initiated Priceline.com (NASDAQ: PCLN) with a Buy rating and $96 target and is positive on the company's European positioning given expectations for top line growth and margin expansion. The firm also started shares of Expedia (NASDAQ: EXPE) with a Buy rating and $35 target, positive on the company's strong management, solid competitive positioning and improving fundamentals.

OTHER INITIATIONS: