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MOST NOTEWORTHY: In addition to Genomic Health (GHDX) and Intercontinental Hotels Group (IHG), airliners Continental Airlines (CAL) and ExpressJet Holdings (XTJ) were some of today's most notable initiations:
  • RBC Capital Markets started Genomic Health Inc (NASDAQ: GHDX) with an Underperform rating, with a $17 target. The firm views shares as fairly valued and believes competitive noise and FDA concerns will weigh on shares.
  • HSBC started Intercontinental Hotels (NYSE: IHG) with an Overweight rating, believing asset sales and stronger than expected room growth could prove near-term positive catalysts.
  • Soliel started both Continental Airlines (NYSE: CAL) and ExpressJet Holdings Inc (NYSE: XJT) with Sell ratings.
OTHER INITIATIONS:
  • William Blair started Alexion Pharmaceuticals (NASDAQ: ALXN) with an Outperform rating. They believe Alexion's lead compound, Soliris, is the key driver of shareholder value, and they believe the company is well positioned to receive final FDA approval.
  • Bear Stearns initiated Baldor Electric Company (NYSE: BEZ) with an Outperform rating.
  • RBC initiated Hologic, Inc (NASDAQ: HOLX) with an Outperform rating.
  • Citigroup started GMarket Inc (NASDAQ: GMKT) with a Sell rating and $18 target, citing valuation.
  • Drew Industries, Inc (NYSE: DW) was initiated with a Buy rating and $35 target at Ferris Baker Watts.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 3-07-07: Continental Arilines & Intercontinental Hotels were initiated today originally appeared on BloggingStocks on Wed, 07 Mar 2007 11:30:00 EST. Please see our terms for use of feeds.

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