Filed under: Analyst reports, Analyst initiations, salesforce.com inc (CRM), Intuitive Surgical Inc (ISRG)

MOST NOTEWORTHY: Durect, Red Robin Gourmet and ViroPharma were today’s noteworthy initiations:

• RBC Capital thinks Durect’s (NASDAQ: DRRX) overall portfolio is very attractive and started shares with an Outperform rating and $7 target.
• Red Robin Gourmet (NASDAQ: RRGB) was initiated at Jefferies with a Buy rating and $40 target. The firm believes the company has one of the few stable earnings stories in the sector, which should warrant a valuation premium in the current environment.
• JMP Securities believes ViroPharma’s (NASDAQ: VPHM) valuation reflects several negative scenarios and notes that earnings will likely remain positive and that the company has a strong balance sheet; shares were initiated with an Outperform rating and $12 target.

OTHER INITIATIONS:

• Harmonic (NASDAQ: HLIT) was assumed with an Overweight rating and $14 target at Stephens.
• ThinkEquity initiated Intuitive Surgical (NASDAQ: ISRG) with a Buy rating and $360 target.
• Broadpoint started Salesforce.com (NYSE: CRM) with a Buy rating.

Permalink | Email this | Comments

Share This

This entry was posted on Friday, March 14th, 2008 at 12:06 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.