Bank Analysts Begin Covering These Stocks August 24th

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage of their shares on August 24th:

  • Research In Motion (NASDAQ:RIMM): Brigantine initiated coverage of this company with a rating of Sell and a price target of $20.  About the company: Research In Motion Limited designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.
  • Rightnow Tech (NASDAQ:RNOW): Barrington Research initiated coverage of this company with a rating of Outperform and a price target of $35.5.  About the company: RightNow Technologies, Inc. provides on demand customer relationship management software and services. The Company’s solution uses a self-learning knowledgebase to deliver customer self-service, e-mail management, live interaction, issue tracking, and customer satisfaction measurement capabilities.
  • Sun Communities (NYSE:SUI): Ladenburg Thalmann initiated coverage of this company with a rating of Buy and a price target of $43.  About the company: Sun Communities, Inc. is a real estate investment trust that currently owns and operates a portfolio of manufactured housing communities primarily in the midwest and southeast United States.
  • AG Mortgage Investment Trust (MITT): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $22.  About the company: Alexander Mortgage REIT, Inc. is formed to invest in, acquire and manage a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets.
  • Universal Health (NYSE:UHS): Auriga initiated coverage of this company with a rating of Buy and a price target of $45.  About the company: Universal Health Services, Inc. is a healthcare management company. The Company operates acute care hospitals, behavioral health centers, and surgery centers. Universal provides services such as general surgery, internal medicine, radiology, and pediatric services throughout the United States and Puerto Rico.
  • Intl Rectifier (NYSE:IRF): The Benchmark Company initiated coverage of this company with a rating of Buy and a price target of $25.  About the company: International Rectifier Corporation designs, manufactures, and markets power semiconductors, including a metal oxide semiconductor field effect transistor called a MOSFET. The Company’s products include power integrated circuits and advanced circuit devices, power systems, and power components. International Rectifier’s products are sold worldwide.
  • LPL Investment (NASDAQ:LPLA): Ticonderoga initiated coverage of this company with a rating of Sell and a price target of $22.  About the company: LPL Investment Holdings, Inc. offers technology, brokerage and investment advisory services through business relationships with all types of financial advisors. Through proprietary technology, custody and clearing platforms, the Company offers access to financial products and services that enable them to provide financial advice and brokerage services to retail investors.
  • ValueClick (NASDAQ:VCLK): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $17.  About the company: ValueClick, Inc. provides Internet advertising solutions for publishers of Web sites and online advertisers. The Company offers performance-based Internet advertising solutions in which an advertiser only pays when an Internet user clicks on its banner advertisement.
  • Techtarget (NASDAQ:TTGT): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $8.  About the company: TechTarget operates a portfolio of industry-specific portals. The Company’s portals deliver resources to information technology professionals within specific vertical market segments.
  • Google (NASDAQ:GOOG): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $650.  About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  • Multi-Fineline (NASDAQ:MFLX): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $22.  About the company: Multi-Fineline Electronix, Inc. provides flexible printed circuit and component assembly solutions to the electronics industry. The Company’s services include design and application engineering, prototyping and high-volume manufacturing, and turnkey component assembly and testing.

(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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