Notable Initiations: AbbVie (ABBV), Sierra Wireless (SWIR), The Habit Restaurants (HABT), Novartis AG (NVS), Bellatrix (BXE)

Shares of AbbVie Inc. (ABBV) are down 1.63% to $55.92 after the company’s stock was initated with a ‘Sell’ rating and a $53 price target in a research report issued by Citigroup (C) on Monday. AbbVie’s shares closed at $56.90 on Friday.

In the past 52 weeks, shares of North Chicago, Illinois-based company have traded between a low of $45.50 and a high of $70.76. Shares are up 22.50% year-over-year ; down 12.39% year-to-date.

Investment analysts at BMO Capital Markets initaited coverage on shares of Sierra Wireless Inc. (SWIR) in a note issued to investors on Monday. The firm set a ‘Market Perform’ rating and a $38 price target on the stock. Shares of Sierra Wireless Inc. gained 38 cents, or 1.15%, to 33.27 in recent trading. SWIR closed at $32.88 on Friday.

In the past 52 weeks, shares of Richmond, Canada-based company have traded between a low of $16.98 and a high of $49.13. Shares are up 73.42% year-over-year ; down 30.62% year-to-date.

Longbow analysts are out with a report this morning initiating coverage of The Habit Restaurants, Inc. (HABT) with a ‘Buy’ rating and $44.00 twelve-base case estimate, implying 37.5% expected return. The Habit Restaurant’s shares rose about 1.36 percent to $32 and change in early trading on the Nasdaq. Shares closed at $31.64 a share in Friday‚Äôs trading session. The name has traded between a low of $29.05 and a high of $44.20.

Novartis AG (NVS) coverage was resumed on Monday by Citigroup (C) with a ‘Buy’ rating pushing the shares more than 4% higher to $103 in early trading. The move comes on a big volume too with the issue currently trading more than 1.7 million shares, compared to the average volume of 1.8 million shares. Novartis shares closed at $98.75 on Friday.

In the past 12 months, shares of Basel, Switzerland-based firm have traded between a low of $80.10 and a high of $103.50. Shares are up 28.85% year-over-year, and 6.57% year-to-date.

Canaccord Genuity initiated coverage on Bellatrix Exploration Ltd. (BXE) today with a ‘Buy’ rating. Right now, the stock is sitting at $2.42, a 7.59% gain. Bellatrix shares closed at $2.24 on Friday.

Be the first to comment

Leave a Reply

Your email address will not be published.


*