Equity Analysts Initiate Stock Coverage on These Companies Wednesday

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on September 28th.

  • Bioscrip (NASDAQ:BIOS): BB&T Capital Mkts initiated coverage of this company with a rating of Buy and a price target of $10. About the company: BioScrip, Inc. is a pharmacy benefit management and specialty pharmaceutical organization that partners with managed care organizations and healthcare providers to control prescription drug costs. The Company provides pharmacy benefit products and services and mail order pharmacy services, and is the fulfillment center for online retailers offering prescription and OTC products.
  • Acme Packet (NASDAQ:APKT): Northland Securities initiated coverage of this company with a rating of Outperform and a price target of $63. About the company: Acme Packet, Inc. provides session border controllers for Internet service providers. The Company’s products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol.
  • Broadsoft (NASDAQ:BSFT): Northland Securities initiated coverage of this company with a rating of Outperform and a price target of $38. About the company: BroadSoft Inc. is a global provider of software that enables fixed-line, mobile and cable service providers to deliver voice and multimedia services over their Internet protocol-based, or IP-based, networks. The Company’s software enables customers to provide enterprises and consumers with a range of cloud-based, or hosted, IP multimedia communications.
  • Sonus Networks (NASDAQ:SONS): Northland Securities initiated coverage of this company with a rating of Market Perform and a price target of $2.25. About the company: Sonus Networks, Inc. provides voice infrastructure products. The Company’s hardware and software enables customers to deploy an integrated, packet-based network carrying both voice and data traffic. Sonus markets and sells its products to service providers, including long distance carriers, wholesale carriers, Internet service providers, and cable operators.
  • VeriFone (NYSE:PAY): Argus initiated coverage of this company with a rating of Buy and a price target of $55. About the company: VeriFone Systems, Inc. is a global provider of technology that enables electronic payment transactions and value-added services at the point of sale. The Company’s customers include financial institutions, payment processors, petroleum companies, large retailers, government organizations and healthcare companies, as well as independent sales organizations.
  • Liquidity Services (NASDAQ:LQDT): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $41. About the company: Liquidity Services Inc. provides full service solutions to market and sell surplus assets and wholesale goods.
  • Medifast (NYSE:MED): Auriga initiated coverage of this company with a rating of Buy and a price target of $27. About the company: Medifast, Inc. combines physician-supervised weight loss programs with nutritional supplements and multidisciplinary patient education programs. The Company provides an Internet-based physician and medical practitioner network to consumers. Medifast also provides a corporate wellness program for large corporations, associations, and their health insurance carriers.
  • Nutrisystem (NASDAQ:NTRI): Auriga initiated coverage of this company with a rating of Buy and a price target of $19. About the company: NutriSystem, Inc. operates an online weight loss community. The Company’s Web site provides members with a weight management program that incorporates personal online counseling, individual diet and exercise plans, as well as other information. NutriSystem also markets the NutriSystem Sweet Success brand of diet meal replacement products through retail outlets.
  • Weight Watchers (NYSE:WTW): Auriga initiated coverage of this company with a rating of Buy and a price target of $71. About the company: Weight Watchers International, Inc., is a provider of weight control programs. The Company operates through a network of company-owned and franchised operations. Members attend weekly Weight Watchers meetings to receive group support and education about healthy eating patterns, behavior modification and physical activity.

(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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