Edwards Lifesciences cut by First Albany

Edwards Lifesciences Corp. was cut Tuesday to underperform from neutral by First Albany. Irvine, Calif.-based Edwards is the world's top maker of heart valves. Edwards shares fell $1.87, or 4.15%, to close Tuesday at $43.17 on volume of 2 million shares versus a three-month running average of 417,903.

Kinetic initiated at buy by Jefferies

Kinetic Concepts Inc. equity coverage was initiated by Jefferies & Co. with a buy rating. The San Antonio based company makes medial devices and equipment used in surgery and other medical procedures. Kinetics shares climbed $1.88, or 3.3%, to close Tuesday at $58.86 on volume of 1.23 million shares versus the three-month running average of 745,117.

Telik initiated at net neutral by Susquehanna

Telik Inc. equity coverage was initiated by Susquehanna Financial with a net neutral rating. The Palo Alto, Calif.-based company is focused on development and commercialization of small molecule therapeutics for cancer treatment. Telik shares slipped 9 cents, or 0.64%, to close Tuesday at $14.04 on volume of 685,816 shares versus the three-month running average of 1.11 million.

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