Analysts Issue New Stock Ratings on these Companies Today

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on October 17th.

  • LyondellBasell (NYSE:LYB): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $40. About the company: LyondellBasell Industries NV is a manufacturing company. The Company produces chemicals, fuels, and polymers used for packaging, clean fuels, durable textiles, medical applications, construction materials, and automotive parts. LyondellBasell Industries operates globally and is headquartered in the Netherlands.
  • BLK MuniHoldings New Jersey Insured Fund (NYSE:MUJ): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: BlackRock MuniHoldings New Jersey Quality Fund Inc is a non-diversified, closed-end management investment company incorporated in the USA. The Fund’s objective is current income exempt from Federal income tax and New Jersey personal income tax. The Fund invests primarily in a portfolio of long-term, investment grade New Jersey municipal obligations.
  • BLK MuniYield New Jersey Fund (NYSE:MYJ): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: BlackRock MuniYield New Jersey Fund, Inc. is a non-diversified, closed-end management investment company incorporated in the USA. The Fund’s objective is to provide a high level of current income exempt from Federal and New Jersey income taxes. The Fund invests primarily in investment grade New Jersey municipal obligations.
  • Nuveen New Jersey Investment Quality Muni (NYSE:NQJ): Stifel Nicolaus initiated coverage of this company with a rating of Buy. About the company: Nuveen New Jersey Investment Quality Municipal Fund is a diversified, closed-end management investment company incorporated in the USA. The Fund’s objective seeks to provide current income exempt from both regular federal and New Jersey income taxes. The Fund invests primarily in a diversified portfolio of municipal obligations issued by state and local government authorities.
  • Nuveen New Jersey Premium Income Muni (NYSE:NNJ): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: Nuveen New Jersey Premium Income Municipal Fund is a diversified, closed-end management investment company incorporated in the USA. The Fund’s objective seeks to provide current income exempt from both regular federal and New Jersey income taxes. The Fund invests primarily in a diversified portfolio of municipal obligations issued by state and local government authorities.
  • SINA (NASDAQ:SINA): Maxim Group initiated coverage of this company with a rating of Sell and a price target of $72. About the company: SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
  • Archer-Daniels (NYSE:ADM): Argus initiated coverage of this company with a rating of Hold. About the company: Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and wheat. Archer-Daniels-Midland also processes produce products which have primarily two end uses including food or feed ingredients.
  • Brigus Gold (AMEX:BRD): Global Hunter Securities initiated coverage of this company with a rating of Accumulate and a price target of $1.9. About the company: Brigus Gold Corp. is an emerging mid-tier gold producer . The Company’s current projects are in Ontario, Saskatchewan, Mexico and the Dominican Republic.

(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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