Analysts Began Stock Coverage on These Companies Today

Following is information on companies for which stock analysts initiated coverage today:

  • Amazon.com (NASDAQ:AMZN): Caris & Company initiated coverage of this company with a rating of Above Average and a price target of $249. About the company:  Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
  • Ford Motor (NYSE:F): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $19. About the company: Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary. Investing in Autos: GM, Ford, and Toyota All Have Good News>>
  • Applied Micro (NASDAQ:AMCC): Sterne Agee initiated coverage of this company with a rating of Buy and a price target of $12. About the company: Applied Micro Circuits Corporation designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world’s communications infrastructure. The Company provides products for the automated test equipment, high-speed computing, and military markets.
  • CNH Global (NYSE:CNH): William Blair initiated coverage of this company with a rating of Market Perform and a price target of $41. About the company: CNH Global N.V. designs, manufactures, and distributes a full line of agricultural and construction equipment. The Company also provides equipment financing services. CNH Global’s products are sold through dealers and distributors on a worldwide basis.
  • Manitowoc (NYSE:MTW): William Blair initiated coverage of this company with a rating of Market Perform and a price target of $19. About the company: The Manitowoc Company, Inc. is a diversified industrial manufacturer of cranes and related products and foodservice equipment. The Company’s products include lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks as well as ice making machines, refrigerators, and freezers.
  • Terex (NYSE:TEX): William Blair initiated coverage of this company with a rating of Market Perform and a price target of $29. About the company: Terex Corporation is a diversified global manufacturer. The Company’s products include heavy-duty off-road trucks and high-capacity surface mining trucks, as well as large hydraulic mining shovels. Terex also manufactures and sells telescopic mobile cranes, aerial work platforms, utility aerial devices, telescopic material handlers and truck mounted cranes, and related products.
  • Joy Global (NASDAQ:JOYG): William Blair initiated coverage of this company with a rating of Market Perform and a price target of $99. About the company: Joy Global Inc. manufactures and markets underground mining equipment and surface mining equipment. The Company’s equipment is used for the extraction of ores and minerals.
  • Deere (NYSE:DE): William Blair initiated coverage of this company with a rating of Market Perform and a price target of $86. About the company: Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services.
  • Caterpillar (NYSE:CAT): William Blair initiated coverage of this company with a rating of Outperform and a price target of $135. About the company: Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.
  • Titan Intl (NYSE:TWI): William Blair initiated coverage of this company with a rating of Outperform and a price target of $32. About the company: Titan International, Inc. manufactures mounted tire and wheel systems for off-highway equipment used in agriculture, construction, mining, military, recreation, and grounds care. The Company has worldwide manufacturing and distribution facilities.
  • Astec Industries (NASDAQ:ASTE): William Blair initiated coverage of this company with a rating of Mkt Perform and a price target of $39. About the company: Astec Industries, Inc. designs, engineers, manufactures, markets, and finances equipment and components used primarily in road building and related construction activities. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface.
  • AGCO Corp (NYSE:AGCO): William Blair initiated coverage of this company with a rating of Mkt Perform and a price target of $52. About the company:  AGCO Corporation manufactures and distributes agricultural equipment throughout the world. The Company sells a range of agricultural equipment and related replacement parts, including tractors, combines, hay tools, sprayers, and forage equipment. AGCO markets its products under a variety of brand names, including Massey Ferguson, AGCO, Tye, GLEANER, and Hesston.
  • Kellogg (NYSE:K): Ticonderoga initiated coverage of this company with a rating of Neutral.  No price target was given.  About the company: Kellogg Company manufactures and markets ready-to-eat cereal and other convenience foods. The Company’s products include cereals, cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles and veggie foods. Kellogg markets its products in the United States, Canada, and other countries throughout the world. Investing in Agribusiness: Will This Major Food Company Be Bought Out?>>
  • Hershey Foods (NYSE:HSY): Ticonderoga initiated coverage of this company with a rating of Neutral.  No price target was given.  About the company: The Hershey Company manufactures chocolate and sugar confectionery products. The Company’s principal products include confectionery and snack products; gum and mint refreshment products; and food and beverage enhancers such as baking ingredients, toppings and beverages.
  • Natl Hlth Investors (NYSE:NHI): Morgan Keegan initiated coverage of this company with a rating of Outperform and a price target of $50. About the company: National Health Investors, Inc. invests in income producing health care properties primarily via property ownership and providing mortgage financing. It’s major assets are in the long term care industry, followed by investments in acute care hospitals, medical office buildings, assisted living facilities, retirement centers and projects for the developmentally disabled.

(Note: Data on stock ratings is sourced from here.  All data are assumed to be accurate.)

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