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Analyst initiations: GSIT, ARRY and CLR

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:

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

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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S&P 500+6.241,093.48

Last updated: November 14, 2009: 05:26 PM

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