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Martek maintained at neutral by Merrill
Martek Biosciences Corp. was maintained by Merrill Lynch analyst David Munno at a neutral rating on news that Odwalla, a subsidiary of Coke, would launch a line of soy milk products containing Martek's DHA. While maybe not the blockbuster deal some expected, the deal may allow Martek a foothold with Coke for future products. Merrill believes the revenue potential from the Coke deal will be small, $3 million to $7 million from soy milk and $23 million from Coke's juice brands. Shares of the Columbia, Md., biotechnology company were up 50 cents, or 1.52%, at $33.50 on volume of 866,672 shares versus the three-month running average of 1,028,010 shares. (Nasdaq: MATK)
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