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Analyst initiations: GSIT, ARRY and CLR

Posted Feb 7th 2008 10:18AM by Laurie Pasternack (RSS feed)
Filed under: Analyst initiations

MOST NOTEWORTHY: GSI Technology, Array Biopharma and Continental Resources were today's noteworthy initiations:
  • Merriman believes GSI Technology Inc (NASDAQ: GSIT) is positioned to benefit as growing bandwidth demand and increasingly complex protocols drive the need for faster and higher density memory in networking equipment. The firm started shares with a Buy rating.
  • Array Biopharma Inc (NASDAQ: ARRY) was assumed with an Outperform rating at William Blair. The firm thinks the company's pipeline contains significant value, which will be catalyzed over the next 12-18 months by continued clinical progress and potential partnerships.
  • Continental Resources Inc (NYSE: CLR) was initiated with a Buy rating and $30 target at Jefferies, and points to the company's double-digit growth and strong reserve growth potential.
OTHER INITIATIONS:

Continental Resources: Searching for geysers on the American continent

Posted Feb 5th 2008 6:31PM by Joseph Lazzaro (RSS feed)
Filed under: Commodities, Oil, Stocks to Buy

Readers of this space know that one argument forwarded here is that in the era of elevated energy prices oil/natural gas companies are likely to remain promising plays for the foreseeable future, barring the discovery of a cheap, widely-available, alternative energy. And among oil/natural gas companies, Continental Resources is worth a review.

Continental Resources, Inc. (NYSE: CLR) searches for oil/natural gas beneath the North American continent, in the Rocky Mountain, Mid-Continent, and Gulf Coast regions.

Analysts like the fact that CLR has added reserves of 96.2 million barrels of oil equivalent via growth during 2001-2006. The company has proven reserves totaling 118.3 million barrels of oil equivalent, 1,172 drilling locations and 737,000 acres of leasehold properties.

Continue reading Continental Resources: Searching for geysers on the American continent

Analyst initiations 6-25-07: CAP, CLR, ESS and LOGI

Posted Jun 25th 2007 11:26AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst initiations

MOST NOTEWORTHY: CAI International (CAP), ATS Corp (ATCT), Logitech International (LOGI) and Wireless Ronin (RNIN) were today's more noteworthy initiations:
  • Piper Jaffray started CAI International (NYSE: CAP) with an Outperform rating and $18 target, believing the company is well positioned to capitalize on global trade growth. Jefferies started CAI Int'l with a Buy rating and $17 target.
  • CRT Capital believes ATS Corp's (NASDAQ: ATCT) risks are offset by positive long-term fundamentals of the federal IT services sector and the company's experienced management team and started shares with a Buy rating and $5 target.
  • ThinkEquity believes that Wireless Ronin Technologies (NASDAQ: RNIN) is exposed to one of the biggest open-ended growth opportunities in digital media today with its RoninCast application and started shares with a Buy rating...
OTHER INITIATIONS:
  • Deutsche Bank and JP Morgan started Continental Resources (NYSE: CLR) with an Overweight rating, while Merrill Lynch started Continental Resources with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

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DJIA+20.0310,246.97
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S&P 500-0.071,093.01

Last updated: November 10, 2009: 04:38 PM

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