MORE NOTEWORTHY: InterMune, Inc (ITMN), Riverbed Technology, Inc (RVBD), Credence Systems Corp (CMOS) and MWI Veterinary Supply, Inc (MWIV) were today's more notable initiations:
- American Technology started InterMune Inc (NASDAQ: ITMN) with a Buy rating and $29 target as the firm believes the recent share weakness in InterMune provides a buying opportunity. The firm expects significant news flow from the ITMN-191 program over the next 12 months to provide positive catalysts to shares.
- Pacific Crest initiated Riverbed Technology Inc (NASDAQ: RVBD) with an Underperform rating and $22 target, citing valuation.
- Credit Suisse started Credence Systems (NASDAQ: CMOS) with an Underperform rating and $3 target.
- JP Morgan started MWI Veterinary (NASDAQ: MWIV) with an Overweight rating, saying industry fundamentals are favorable and MWIV's growth prospects are strong.
OTHER INITIATIONS:
- UBS & Merrill Lynch both started Duncan Energy Partners (NYSE: DEP) with a Neutral rating.
- Employers Holdings, Inc (NYSE: EIG) was initiated with an Equal-Weight rating at Morgan Stanley.
- Needham initiated Cascade Microtech, Inc (NASDAQ: CSCD) with a Buy rating and $18 target.
- Credit Suisse assumed coverage of Teradyne, Inc (NYSE: TER) and Amkor Technology (NASDAQ: AMKR) with a Neutral rating and $17 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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