MOST NOTEWORTHY:

• ING believes GlaxoSmithKline (NYSE: GSK) should benefit from the appointment of Andrew Witty as CEO and see limited downside risks. The firm initiated shares with a Buy rating.
  
• FreeSeas (NASDAQ: FREE) was started at Oppenheimer with an Outperform rating and $8 target, as they view FREE as an early stage growth company in the smaller dry-bulk vessel segment and finds the valuation attractive at current levels.
  
• Kaufman Bros. initiated SINA Corp (NASDAQ: SINA) with a Buy rating and $4.50 target, and believes China represents a compelling long-term growth opportunity.

• Level 3 Comm (NASDAQ: LVLT) was initiated with a Underperform rating at Wachovia.
  
• Jefferies assumed Savient Pharma (NASDAQ: SVNT) with a Buy rating and $30 target.
  
• Lehman initiated Brown & Brown (NYSE: BRO) with an Underweight rating.

Analyst initiations: GSK, LVLT, SVNT, FREE and SINA originally appeared on BloggingStocks on Tue, 01 Apr 2008 11:40:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Cantor initiated shares of FreeSeas (NASDAQ: FREE) with a Buy rating and $10 target, as they expect the company to benefit from the continued strength in the dry bulk market.
  
• JP Morgan resumed coverage of Nektar (NASDAQ: NKTR) with an Overweight rating, as they view weakness from the discontinuation of Exubera as a buying opportunity given the company's base royalty business and pipeline opportunities.
  
• Altus Pharmaceuticals (NASDAQ: ALTU) was initiated with a Buy rating and $19 target at Jefferies. The firm expects news flow from the company's two lead products over the next 6-12 months that should act as catalysts.
  
• AbitibiBowater (NYSE: ABH) was initiated with a Sell rating and $18 target at Banc of America, as they are cautious on newsprint trends; the firm recommends reducing existing positions.

• Caris initiated Collective Brands (NYSE: PSS) with an Average rating and $18 target and Under Armour (NYSE: UA) with an Above Average rating.
  
• Stifel started shares of Patriot Coal (NYSE: PCX) with a Hold rating.
  
• PetroChina (NYSE: PTR) was initiated with a Sell rating at Goldman.

Analyst inititations: FREE, NKTR, ALTU and ABH originally appeared on BloggingStocks on Fri, 09 Nov 2007 11:20:00 EST. Please see our terms for use of feeds.