MOST NOTEWORTHY: Broadcom Corp (BRCM) and American Medical Systems Holdings (AMMD) were today's notable initiations.
- Merrill Lynch reinstated Broadcom Corp (NASDAQ: BRCM) with a Buy rating and $42 target to reflect the company's secular growth story.
- Thomas Weisel started American Medical Systems Holdings (NASDAQ: AMMD) with an Overweight rating and $16 target; the firm says American Medical is a leader in surgical urology and gynecology and sees upside from the company's full pipeline.
OTHER INITIATIONS:
- NaviSite inc (NASDAQ: NAVI) was initiated with a Market Weight rating at Thomas Weisel.
- Medicis Pharmaceutical Corp (NYSE: MRX) was initiated with a Buy rating and $45 target at Jefferies.
- Soleil initiated Amylin Pharmaceuticals Inc (NASDAQ: AMLN) with a Hold rating.
- DA Davidson started Allegheny Technologies Inc (NYSE: ATI) with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Serious Money: How 'Stable' after 345 DJIA drop? -- CB, DIS, JNJ, TEVA & XEL
Closing Bell: Dow plunges amid grim economic news; AIG, CIEN, LM, TEX decline, WMT gains
Is BT's offer to save Britain's red phone boxes for £500 fair?
