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Hospira Acquires Javelin Pharmaceuticals

Posted Apr 19th 2010 2:00PM by Brent Archer (RSS feed)
Filed under: Major Movement, Deals, Options, Technical Analysis

Hospira (HSP - option chain) stock is trading lower today after the company announced this morning it has agreed to buy Javelin Pharmaceuticals (JAV) for $2.20 per share in cash, or $145 million. HSP expects to begin a tender offer for all shares of JAV on April 21. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on HSP.

This morning, HSP opened at $56.15. So far today the stock has hit a high of $56.85 and a low of $54.19. As of 11:50, HSP is trading at $55.30, down $1.80 (-3.1%). The chart for HSP looks neutral and S&P gives HSP a neutral 3 STARS (out of 5) hold ranking.

Continue reading Hospira Acquires Javelin Pharmaceuticals

Analyst initiations 5-22-07: BDK, CRM, NWACQ and RNOW

Posted May 22nd 2007 10:59AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Black and Decker (BDK), Analyst Initiations, salesforce.com inc (CRM)

MOST NOTEWORTHY: Salesforce.com, Inc (CRM), Black & Decker Corp (BDK), GenVec, Inc (GNVC) and RightNow Technologies (RNOW) were today's noteworthy initiations:

With customers wanting an alternative to Microsoft (MSFT), Salesforce.com (NYSE: CRM) is making an attempt to be that alternative. It is rumored that management is in talks with Google (GOOG) about the two companies working together, a move that could include offering Google Apps via the AppExchange and integrating more closely those apps with Salesforce.com. Baird initiated shares of Salesforce.com with a Neutral rating and $49 target.

Banc of America sees major headwinds from declining construction and slower consumer spending on housing and started shares of Black & Decker Corp (NYSE: BDK) with a Sell rating and $85 target.

Merriman sees upside from strong mid- and late-stage clinical programs, key collaborations and potential for revenue generation, starting shares of GenVec (NASDAQ: GNVC) with a Buy rating.

Baird finds Rightnow Technology (NASDAQ: RNOW) to be well-positioned within the customer service segment of the CRM market with above average L-T prospects and views the recent uncertainty as a buying opportunity. Baird started shares of RightNow with an Outperform rating and $19 target...

OTHER INITIATIONS:

Jefferies initiated RadNet Inc (NASDAQ: RDNT) with a Buy rating.

Lehman started Mobile Mini, Inc (NASDAQ: MINI) with an Equal Weight rating.

Northwest Airlines Corp (OTC: NWACQ) was initiated with a Neutral rating at Goldman.

Pacific Growth started shares of Javelin Pharmaceuticals Inc (AMEX: JAV) with a Buy rating.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 5-21-07: ARRS, CWTR, PUB and SIRF

Posted May 21st 2007 11:12AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Initiations

MOST NOTEWORTHY: ColdWater Creek Inc (CWTR), Celadon Group, Inc (CLDN), Berry Petroleum Co (BRY), SiRF Technology Holdings Inc (SIRF) were today's noteworthy initiations:

Brean Murray started shares of Coldwater Creek (NASDAQ: CWTR) with a Buy rating and $25 target, expecting second-half upside from new merchandise this year.

Keybanc is positive on Celadon's (NASDAQ: CLDN) disciplined approach to strategic acquisitions and leverage in its operating model, starting shares with a Buy rating and $20 target.

CRT Capital believes Berry Petroleum (NYSE: BRY) has the ability to continue to deliver double digit percentage production/reserves growth and started shares with a Buy rating and $40 target.

American Technology believes SiRF Technology Holdings (NASDAQ: SIRF) will continue to be a market leader in GPS chipsets and finds the company's wireless business undervalued, starting shares with a Buy rating and $26 target...

OTHER INITIATIONS: