Filed under: Analyst reports, Analyst initiations
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MOST NOTEWORTHY: Athenahealth, Brocade Communications Systems, Royal Bank of Scotland and Human Genome were today’s noteworthy initiations:
- Caris initiated shares of Athenahealth (NASDAQ: ATHN) with an Average rating and $26 target, as they believe an unachievable growth rate is priced into shares at current levels.
- Brocade Communications Systems (NASDAQ: BRCD) was initiated with a Neutral rating at UBS.
- Royal Bank of Scotland (NYSE: RBS) was initiated with an Underweight rating at Lehmen.
- JP Morgan resumed coverage of Human Genome Sciences (NASDAQ: HGSI) with a Neutral rating.
OTHER INITIATIONS:
- Lazard resumed coverage of Zoran (NASDAQ: ZRAN) with a Hold rating and Sigma Designs (NASDAQ: SIGM) with a Buy rating.
- Stifel initiated Tortoise Energy Capital (NYSE: TYY) with a Buy rating and $32 target.
- HSBC initiated DSG International (OTC: DSITY) with an Overweight rating.
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