tson posts
FeedPosted Nov 26th 2007 11:55AM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
MOST NOTEWORTHY: Concur Tech, TranS1 and Third Wave were today's noteworthy initiations:
- Broadpoint initiated Concur Tech (NASDAQ: CNQR) with a Strong Buy rating and $40 target. The firm believes Concur has attractive growth drivers, room for leverage, and is a market leader for innovation and growth. Wachovia is positive on TraS1's AxiaLIF procedure in lumbar fusions as it is less invasive and patients have a faster recovery period. The firm views the potential market at over $1B and started shares off with an Outperform rating.
- Shares of TranS1 (NASDAQ: TSON) were also initiated with a Buy rating and $27 target at Piper Jaffray, as they believe the company's focus on minimally invasive surgical technique for treating lower back pain provides a large market opportunity, and at Cowen with an Outperform rating, as they positive on TSON's minimally invasive platform in spinal fusions that should leaded rapid growth.
- Collins Stewart said Third Wave (NASDAQ: TWTI) is on track to file PMA submissions for 2 new screening tests for HPV by early next year and started shares with a Buy rating and $11 target.
OTHER INITIATIONS:
- Piper initiated Ardea Biosciences (NASDAQ: RDEA) with a Buy rating.
- JP Morgan initiated Lukoil (NASDAQ: LUKOY) with a Neutral rating.
- Cowen started shares of Limelight Networks (NASDAQ: LLNW) with a Neutral rating.
Analyst upgrades:
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