Bank Analysts Begin These New Stock Ratings Today

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on October 21st.

  • MetroPCS (NYSE:PCS): Brigantine initiated coverage of this company with a rating of Buy and a price target of $16. About the company: MetroPCS Communications, Inc. is a wireless communications provider in the United States. The Company offers unlimited wireless voice and data services to the mass market.
  • Heckmann (NYSE:HEK): Global Hunter Securities initiated coverage of this company with a rating of Accumulate and a price target of $7.5. About the company: Heckmann Corporation is an investment holding company, operating in the water industry. The Company, through its subsidiaries, provide water treatment and disposal services, operate bottling facilities, and transport water through pipelines.
  • Furiex Pharmaceuticals (NASDAQ:FURX): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $18. About the company: Furiex Pharmaceuticals Inc. is a drug development company. The company partners with pharmaceutical and biotechnology companies and has a diversified product portfolio and pipeline with multiple therapeutic candidates including late-stage assets and a product on the market.
  • Aastrom Biosciences (NASDAQ:ASTM): Oppenheimer initiated coverage of this company with a rating of Perform. About the company: Aastrom Biosciences, Inc. develops autologous stem/progenitor cell products for the repair/regeneration of tissues based on Tissue Repair Cell (NYSE:TRC) adult stem cell technology. The Company’s products contain bone marrow stem and progenitor cells that are produced from cells originating from the patient.

(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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