Bank Analysts Begin Covering These Shares: FL, X, AKS, NUE, STLD, CMC, PODD, HPW, SFY, JAZZ

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on September 30th:

  • Foot Locker (NYSE:FL): DA Davidson initiated coverage of this company with a rating of Neutral and a price target of $24. About the company: Foot Locker, Inc. is primarily a mall-based athletic retailer that operates athletic retail stores in countries located in North America, Europe, and Australia. The Company provides athletic footwear and apparel through its Foot Locker, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail stores. Foot Locker also operates a direct-to-consumer channel, Footlocker.com/Eastbay.
  • U.S. Steel (NYSE:X): Longbow initiated coverage of this company with a rating of Buy and a price target of $36. About the company: United States Steel Corporation is an integrated steel producer with production operations in North America and Europe. The Company’s operations include coke production in both North America and Europe and iron ore pellets in North America, transportation services (railroad and barge operations), real estate operations, and engineering and consulting services in North America.
  • AK Steel (NYSE:AKS): Longbow initiated coverage of this company with a rating of Neutral. About the company: AK Steel Holding Corporation, through its wholly-owned subsidiary, produces flat rolled carbon steel. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers.
  • Nucor (NYSE:NUE): Longbow initiated coverage of this company with a rating of Buy and a price target of $48. About the company: Nucor Corporation manufactures steel products. The Company’s products include carbon and alloy steel, steel joists, steel deck, cold finished steel, steel grinding balls, steel bearing products, and metal buildingsystems. Nucor also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap.
  • Steel Dynamics (NASDAQ:STLD): Longbow initiated coverage of this company with a rating of Buy and a price target of $15. About the company: Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill, as well as a cold mill. The Company is also constructing a plant for the manufacture of direct reduced iron. Steel Dynamics’s customers include intermediate steel processors, steel service centers, and end users such as manufacturers of cold-rolled strip.
  • Commercial Metals (NYSE:CMC): Longbow initiated coverage of this company with a rating of Neutral. About the company: Commercial Metals Company and its subsidiaries manufacture, recycle, and market steel and metal products and related materials. The Company markets and trades primary and secondary metals, steel, ores, concentrates, industrial minerals, ferroalloys, chemicals, and other materials used in a variety of industries.
  • Insulet (NASDAQ:PODD): Feltl & Co. initiated coverage of this company with a rating of Buy and a price target of $19.8. About the company: Insulet Corporation is a medical device company that develops, manufactures and markets an insulin infusion system for people with insulin-dependent diabetes.
  • SandRidge Permanian Trust (PER): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $24.
  • Dunkin Brands (NASDAQ:DNKN): Argus initiated coverage of this company with a rating of Hold. About the company: The owner of Dunkin’ Donuts Baskin-Robbins has more than 14,800 points of distribution in 44 countries, and approximately 120 years of combined history.
  • Heartland Payment Systems (NYSE:HPY): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: Heartland Payment Systems, Inc. provides bank card-based payment processing services to small-and medium-sized merchants in the United States
  • Global Payment (NYSE:GPN): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $50. About the company: Global Payments Inc. provides electronic transaction processing, information systems, and services. The Company serves the financial, corporate, government, and merchant communities on a worldwide basis. Global Payments provides funds transfer, merchant services, merchant accounting, Internet services, and other services.
  • Swift Energy (NYSE:SFY): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $52. About the company: Swift Energy Company is an independent oil and gas company that explores, develops, acquires, and operates oil and gas properties. The Company focuses on United States onshore and inland water areas of the Texas and Louisiana Gulf Coast and in New Zealand on onshore areas of the Taranaki Basin.
  • Salix Pharma (NASDAQ:SLXP): Auriga initiated coverage of this company with a rating of Hold and a price target of $30. About the company: Salix Pharmaceuticals, Ltd. develops and markets prescription pharmaceutical products for the treatment of gastrointestinal diseases. The Company markets its products to gastroenterologists in the U.S. through its own specialty sales force.
  • Jazz Pharma (NASDAQ:JAZZ): Auriga initiated coverage of this company with a rating of Buy and a price target of $55. About the company: Jazz Pharmaceuticals, Inc. develops and markets treatments for neurological and psychiatric conditions. The Company produces treatments for cataplexy, excessive daytime sleepiness, and ethylene glycol and methanol poisoning in humans.
  • DepoMed (NASDAQ:DEPO): Auriga initiated coverage of this company with a rating of Buy and a price target of $10. About the company: DepoMed, Inc. develops new and proprietary oral drug delivery technologies. The Company has developed a system designed to be retained in the stomach for an extended period of time while it delivers the incorporated drug or drugs. DepoMed has also developed a system designed to reduce gastrointestinal irritation.
  • 3SBIO (NASDAQ:SSRX): Auriga initiated coverage of this company with a rating of Hold and a price target of $13. About the company: 3SBio, Inc. is a biotechnology company. The Company researches treatments in the areas of nephrology, oncology, supportive cancer care, inflammation, and infectious diseases.
  • Spectrum Pharma (NASDAQ:SPPI): Auriga initiated coverage of this company with a rating of Buy and a price target of $11.5. About the company: Spectrum Pharmaceuticals is a biotechnology company with fully integrated commercial and drug development operations with a primary focus in oncology. The Company’s strategy is comprised of acquiring, developing and commercializing a broad and diverse pipeline of late-stage clinical and commercial products.

(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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