Filed under: duPont(E.I.)deNemours (DD), Analyst initiations

MOST NOTEWORTHY: Exar, Diamond Management and Medivation were today’s noteworthy initiations:

• B. Riley thinks shares of Exar Corp. (NYSE: EXAR) are near a bottom given the balance sheet support at $6.47/share and prospect for a return to positive EBITDA as early as the June quarter. The firm initiated coverage with a Buy rating and $10 target.
• B. Riley initiated Diamond Management & Technology (NASDAQ: DTPI) with a Buy rating and $10 target and expects the company’s strong growth to continue. The firm also sees margin expansion opportunities.
• Roth Capital assumed coverage of Medivation (NASDAQ: MDVN) with a Buy rating and $21 target, as they believe the company’s Dimebon for Alzheimer’s is a persuasive story and that the company’s pipeline has strong potential.

OTHER INITIATIONS:

• UBS started DuPont (NYSE: DD) and Monsanto (NYSE: MON) with Neutral ratings and targets of $48 and $125, respectively.
• Siemens (NYSE: SI) was initiated with an Overweight rating at Morgan Stanley.

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This entry was posted on Thursday, January 17th, 2008 at 10:35 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.