Following is information on companies for which stock analysts initiated coverage today:
- Renren (NYSE:RENN): Maxim Group initiated coverage on this stock with a rating of Sell and a price target of $7.5. About the company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services.
- DCP Midstream (NYSE:DPM): Ladenburg Thalmann initiated coverage of this stock with a rating of Buy and a price target of $49. About the company: DCP Midstream Partners, LP owns and operates a diversified portfolio of midstream energy assets consisting of two business segments, Natural Gas Services and Natural Gas Liquids Logistics.
- Vanguard Health Systems (VHS): Ticonderoga initiated coverage of this stock with a rating of Buy and a price target of $21. Robert W. Baird initiated coverage of this stock with a rating of Outperform and a price target of $22. About the company: Vanguard Health Systems, Inc. a healthcare company, engages in the ownership and operation of acute care hospitals, outpatient facilities, and related health plans primarily in urban and suburban markets in the United States. Its hospitals offer a range of services including internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics, obstetrics, diagnostic and emergency services, as well as select tertiary services, such as open-heart surgery, and level II and III neonatal intensive care services.
- Micros Systems (NASDAQ:MCRS): Needham initiated coverage of this stock with a rating of Buy and a price target of $63. About the company: MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the global hospitality industry. The Company’s solutions consist of application specific software and hardware systems, supplemented by services. The hospitality industry includes lodging, table service restaurants, quick service restaurants, and entertainment venues.
(Note: Data on stock ratings are sourced from here. All data are assumed to be accurate.)
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