Harris & Harris initiated with "buy"

05/30/05 - WR Hambrecht & Co

NEW YORK, May 30 (newratings.com) - Analysts at WR Hambrecht initiate coverage of Harris & Harris Group (TINY) with a "buy" rating. The target price is set to $17.

In a research note published on May 27, the analysts mention that the company is benefiting from its leading position as a public venture capitalist focused on nanotechnology. Harris & Harris is in well positioned to select the best private company that it can back, the analysts say. The launch of high profile nanotechnology IPOs during the year is expected to act as a catalyst for the company's share price in the near term, WR Hambrecht adds.