Analysts Provide New Ratings on These Stocks August 12th

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on August 12th:

  • Aastrom Biosciences (NASDAQ:ASTM): Global Hunter Securities initiated coverage on this stock with a rating of Buy and a price target of $6.  About the company: Aastrom Biosciences, Inc. develops autologous stem/progenitor cell products for the repair/regeneration of tissues based on Tissue Repair Cell adult stem cell technology. The Company’s products contain bone marrow stem and progenitor cells that are produced from cells originating from the patient.
  • Harvest Natural (NYSE:HNR): Rodman & Renshaw initiated coverage on this stock with a rating of Mkt Outperform and a price target of $20.  About the company: Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.
  • Pernix Therapeutics (AMEX:PTX): Stifel Nicolaus initiated coverage on this stock with a rating of Buy and a price target of $15.  About the company: Pernix Therapeutics Holdings, Inc. manufactures pharmaceuticals. The Company acquires, develops and markets medications for the pediatric market including treatments for dermatitis; statin-induced ubiquinone deficiency; deficiencies in active cultures due to diet and antibiotics; and upper respiratory conditions.
  • Active Power (NASDAQ:ACPW): Rodman & Renshaw initiated coverage of this stock with a rating of Mkt Perform.  No price target was given.  About the company: Active Power, Inc. designs, manufactures, and markets power quality products that ensure a constant supply of electricity to computers. The Company’s flywheel energy storage system provides a non-toxic replacement for lead-acid batteries used in conventional power quality installations.
  • Applied Micro (NASDAQ:AMCC): Wunderlich initiated coverage of this stock with a rating of Buy and a price target of $8.  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.
  • PMC-Sierra (NASDAQ:PMCS): Wunderlich initiated coverage of this stock with a rating of Buy and a price target of $10.  About the company: PMC-Sierra, Inc. designs, develops, markets, and supports semiconductor networking solutions. The Company’s products are used in the high speed transmission and networking systems which are used to restructure the global telecommunications and data communications infrastructure.
  • PLX Tech (NASDAQ:PLXT): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $3.5.  About the company: PLX Technology, Inc. provides semiconductor devices and related software. The Company’s products accelerate the flow of data in embedded systems that transmit, store, and process data including networking telecommunications, imaging, storage, and industrial equipment.
  • NetLogic (NASDAQ:NETL): Wunderlich initiated coverage of this stock with a rating of Buy and a price target of $40.  About the company: Netlogic Microsystems Inc. is a semiconductor company that designs, develops and markets high performance knowledge-based processors. The Company’s products are designed for a variety of advanced networking systems, such as routers, switches, access multiplexors and networked storage devices.
  • Cavium Networks (NASDAQ:CAVM): Wunderlich initiated coverage of this stock with a rating of Hold and a price target of $30.  About the company: Cavium Networks, Inc. provides semiconductor processors that enable intelligent networking, communications and security applications. The Company offers a broad portfolio of software compatible processors and accelerator boards ranging in performance from 10 Mbps to 10 Gbps.
  • Apollo Group (NASDAQ:APOL): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $49.  About the company: Apollo Group, Inc. provides higher education programs for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.
  • Bridgepoint Education (NYSE:BPI): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $31.  About the company: Bridgepoint Education, Inc. is a regionally accredited provider of postsecondary education services. The Company offers associate’s, bachelor’s, master’s and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences.
  • Capella Education (NASDAQ:CPLA): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $37.  About the company: Capella Education Company is an online post-secondary education services company. The Company offers doctoral, master’s and bachelor’s programs through their subsidiary.
  • American Public Education (NASDAQ:APEI): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $54.  About the company: American Public Education Inc. provides online postsecondary education directed at the needs of the military and public service communities. The Company offers a wide range of degree programs and certificate programs including national security, military studies, intelligence, homeland security, criminal justice, technology, business administration and liberal arts.
  • ITT Educational (NYSE:ESI): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $82.  About the company: ITT Educational Services, Inc. provides technology-oriented postsecondary degree programs in the United States. The Company’s institutes offer associate, bachelor, and master degree programs, as well as non-degree diploma programs.
  • EQT Corp. (NYSE:EQT): Brean Murray initiated coverage of this company with a rating of Buy and a price target of $68.  About the company: EQT Corporation is an integrated energy company with emphasis on Appalachian area natural-gas supply, transmission and distribution. The Company, through its subsidiaries, offer natural gas products to wholesale and retail customers.
  • Cabot Oil & Gas (NYSE:COG): Brean Murray initiated coverage of this company with a rating of Buy and a price target of  $98.  About the company: Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.
  • Chesapeake Energy (NYSE:CHK): Brean Murray initiated coverage of this company with a rating of Buy and a price target of $40.  About the company: Chesapeake Energy Corporation produces oil and natural gas. The Company’s operations are focused on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States.
  • Range Resources (NYSE:RRC): Brean Murray initiated coverage of this company with a rating of Buy and a price target of $72.  About the company: Range Resources Corporation is an independent oil and gas company that explore, develops, and acquires oil and gas properties. The Company conducts operations primarily in the Southwestern, Appalachian and Gulf Coast regions of the United States.
  • Rex Energy (NASDAQ:REXX): Brean Murray initiated coverage of this company with rating of Hold.  No price target was given.  About the company: Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States.
  • Synchronoss Tech (NASDAQ:SNCR): FBR Capital initiated coverage of this company with a rating of Outperform and a price target of $35.  About the company: Synchronoss Technologies, Inc. provides e-commerce transaction management solutions to the communications services marketplace.
  • Top Image Systems (NASDAQ:TISA): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $4.  About the company: Top Image Systems Ltd. develops and markets form processing, information recognition, and data entry software, systems, and technologies. The Company’s “AFPSPro” software provides a complete solution for mid to high-volume production form processing.
  • RailAmerica (NYSE:RA): Morgan Keegan initiated coverage of this company with a rating of Outperform and a price target of $20.  About the company: RailAmerica Inc. owns and operates short-line and regional freight railroads in North America.

(Note: Data on stock ratings are sourced from Briefing.com, via the Wall St. Journal.  All data are assumed to be accurate.)

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