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Wednesday, August 31, 2011

Peregrine (PPHM) (CBI) (CRZBY) (KFN) (MLM) Get New Coverage

Peregrine Pharmaceuticals Inc (NASDAQ: PPHM), Chicago Bridge & Iron Company (NYSE: CBI), Commerzbank AG (NASDAQ: CRZBY), KKR Financial Holdings LLC (NYSE: KFN) and Martin Marietta Materials, Inc. (NYSE: MLM) getting new coverage from analysts.

UBS AG (NYSE:UBS) initiated coverage on Chicago Bridge & Iron Company (CBI). They placed a “Buy” rating and a price target of $41.00 on the company.

RBC Capital initiated coverage on Commerzbank AG (CRZBY). They placed a “Sector Perform” rating on the company.

Jefferies (NYSE:JEF) initiated coverage on KKR Financial Holdings LLC (KFN). They placed a “Hold” rating and a price target of $9.00 on the company.

Keybanc initiated coverage on Chicago Bridge & Iron Company (CBI). They placed a “Hold” rating on the company.

JMP Securities initiated coverage on Peregrine Pharmaceuticals Inc (PPHM). They placed an “Outperform” rating and a price target of $5.00 on the company.

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