Analysts Initiate Coverage of These 4 Industrial Goods Stocks Week Ending Nov 18th

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the Industrial Goods sector for the week ending November 18th, 2011.

  • Lindsay Corp (NYSE:LNN): Stifel Nicolaus initiated coverage of this company with a rating of Hold on Nov 15th. The shares recently traded at $53.07, down $6.07, or 10.26% since the analyst’s rating. About the company: Lindsay Corporation manufactures and markets center pivot and lateral move irrigation equipment, as well as large diameter steel tubing, for use to irrigate agricultural crops. The Company also provides outsourced manufacturing and production services to original equipment manufacturers in the United States. Get the most recent company news and stock data here >>
  • Manitex Intl (NASDAQ:MNTX): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $6.5 on Nov 15th. The shares recently traded at $3.85, down $0.39, or 9.2% since the analyst’s rating. About the company: Manitex Interntional Inc. designs, develops and builds integrated productionline assembly and testing equipment for the automotive and heavy equipment industries. The Company also provides axle testing services to automotive and heavy equipment manufacturers. Get the most recent company news and stock data here >>
  • ADA-ES (NASDAQ:ADES): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $20 on Nov 15th. The shares recently traded at $16.67, up $1.56, or 10.32% since the analyst’s rating. About the company: ADA-ES, Inc. is an environmental technology/specialty company that supplies powdered activated carbon, injection systems, and related services. The Company helps electric utility companies meet environmental regulations. ADA-ES provides ash improvements, optimizes baghouse performance, provides flue gas conditioning additives, and provides other products and services. Get the most recent company news and stock data here >>
  • Littelfuse (NASDAQ:LFUS): Stifel Nicolaus initiated coverage of this company with a rating of Hold on Nov 17th. The shares recently traded at $44.99, down $1.22, or 2.64% since the analyst’s rating. About the company: Littelfuse, Inc. manufactures and sells fuses and other circuit protection devices for use in the automotive, electronic, and general industrial markets. The Company also makes relays, switches, circuit breakers, and indicator lights. Littelfuse sells its products around the world. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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