Jefferies has Advanced Magnetics at buy

Advanced Magnetics Inc. was rated at buy by Jefferies & Co., Inc. analyst Adam Walsh. The company's stocks traded down as much as 10%, which Jefferies believes is possibly related to ferumoxytol safety rumors and profit taking. Shares of the Cambridge, Mass., pharmaceutical products company were down $2.92, or 7.94%, at $33.85 on volume of 886,600 shares versus the three-month running average of 198,044 shares. (Amex: AVM)

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