New Stock Ratings and Share Price Targets October 14th

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on October 14th.

  • Foster Wheeler (NASDAQ:FWLT): Standpoint Research initiated coverage of this company with a rating of Buy and a price target of $28. About the company: Foster Wheeler AG provides design, engineering, construction, manufacturing, project development and management, research, plant operations, and environmental services. The Company serves the petrochemical, petroleum and gas, pharmaceutical, chemical processing, and other industries. Foster Wheeler’s products include fired heaters and steam generating units.
  • Green Dot (NYSE:GDOT): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $41. About the company: Green Dot Corp. is a prepaid financial services company that provides money management solutions to a broad base of U.S. consumers. The Company offers general purpose reloadable prepaid debit cards in the United States through a network of retail stores throughout the United States.
  • NetSpend (NASDAQ:NTSP): JMP Securities initiated coverage of this company with a rating of Mkt Perform. About the company: Netspend Holdings, Inc. issues reloadable prepaid debit cards. The Company primarily serves people who don’t have bank deposit accounts.
  • Ixia (NASDAQ:XXIA): Gabelli & Co initiated coverage of this company with a rating of Buy and a price target of $17. About the company: Ixia provides high speed, multi-port network performance analysis systems. The Company’s systems generate and analyze data traffic, including voice over Internet protocol traffic.
  • Alnylam Pharma (NASDAQ:ALNY): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $12. About the company: Alnylam Pharmaceuticals Inc. is an early-stage therapeutics company. The Company is developing technology that can specifically and potently silence disease-causing genes.
  • Pandora Media (NYSE:P): Barrington Research initiated coverage of this company with a rating of Outperform and a price target of $18. About the company: Pandora is an internet radio station generating playlists based on a user’s favorite artist or song. Pandora’s service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000.
  • Regions Fincl (NYSE:RF): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $4. About the company: Regions Financial Corporation is a regional multi-bank holding company. The Company provides mortgage banking, credit life insurance, leasing, commercial accounts receivable factoring, specialty mortgage financing, and securities brokerage services. Regions provides banking services throughout the South, Midwest, and Eastern United States.
  • Fortune Brands (NYSE:FO): Argus initiated coverage of this company with a rating of Hold. Fortune Brands, Inc. is a holding company with operating companies that offers home and hardware products, produces wines and spirits, and offers gold products.
  • J.M. Smucker (NYSE:SJM): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: The JM Smucker Company manufactures and markets food products on a worldwide basis. The Company’s principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, frozen sandwiches, dessert toppings, syrups, pickles and condiments, and potato side dishes.
  • Donaldson (NYSE:DCI): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: Donaldson Company, Inc. manufactures filtration systems and replacement parts. The Company’s products include filters and emission control products for heavy duty mobile equipment, in-plant air cleaning systems, air intake systems for industrial gas turbines, and specialized filters for computer disk drives, aircraft cabins, and semiconductors. Donaldson operates around the world.
  • CLARCOR (NYSE:CLC): Stifel Nicolaus initiated coverage of this company with a rating of Hold. About the company: CLARCOR Inc. manufactures and distributes filtration products for engine/mobile and industrial/environmental products, as well as consumer packaging products. The Company makes filters for a variety of automotive and heavy duty applications. CLARCOR’s packaging products include a variety of custom styled containers and packaging items.
  • Celgene (NASDAQ:CELG): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $105. About the company: Celgene Corporation is a global biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.
  • GTX (NASDAQ:GTXI): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $7. About the company: GTx, Inc. discovers, develops, and commercializes therapeutics primarily related to the treatment of serious men’s health conditions. The Company’s drug discover and development programs are focused on small molecules that selectively modulate the effects of estrogens and androgens, two essential classes of hormones. GTx is currently developing products for prostate cancer.
  • Ariad Pharm (NASDAQ:ARIA): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $15. About the company: ARIAD Pharmaceuticals, Inc. discovers, develops, and commercializes small-molecule drugs to treat aggressive cancers. The Company’s first product candidate is an investigational mTOR inhibitor. ARIAD’s second product candidate is an investigational pan BCR-ABL inhibitor for treatment of blood cancers.
  • Quest Software (NASDAQ:QSFT): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $20. About the company: Quest Software, Inc. provides application and information availability software solutions. The Company’s products enhance the performance and reliability of an organization’s e-business, packaged and custom applications, as well as enable the delivery of information across the extended enterprise.
  • Fortinet (NASDAQ:FTNT): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $20. About the company: Fortinet Inc. provides network security solutions. The Company offers network security appliances and related software, and subscription services. Fortinet systems integrate the industry’s broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (NYSE:IPS), Web filtering, antispam, and traffic shaping.
  • Brocade (NASDAQ:BRCD): ISI Group initiated coverage of this company with a rating of Hold. About the company: Brocade Communications Systems, Inc. provides switching solutions for storage area networks (NYSE:SAN). The Company’s switching solutions utilize the fiber channel interconnect protocol. Brocade’s family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN.
  • Dell (NASDAQ:DELL): ISI Group initiated coverage of this company with a rating of Hold. About the company: Dell Inc. offers a wide range of computers and related products. The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services. Dell serves consumers and businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region.
  • IBM (NYSE:IBM): ISI Group initiated coverage of this company with a rating of Hold. Macquarie initiated coverage of this company with a rating of Outperform and a price target of $210. About the company: International Business Machines Corporation (NYSE:IBM) provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.
  • Cisco Systems (NASDAQ:CSCO): ISI Group initiated coverage of this company with a rating of Buy and a price target of $20. About the company: Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.
  • Hewlett-Packard (NYSE:HPQ): ISI Group initiated coverage of this company with a rating of Buy and a price target of $32. About the company: Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. The Company’s products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. Hewlett-Packard sells its products worldwide.
  • VMware (NYSE:VMW): ISI Group initiated coverage of this company with a rating of Buy and a price target of $110. About the company: VMware, Inc. provides virtualization solutions from the desktop to the data center. The Company’s solution products addresses a range of IT problems, which includes cost and operational inefficiencies, business continuity, software lifecycle management and desktop management.
  • NetApp (NASDAQ:NTAP): ISI Group initiated coverage of this company with a rating of Buy and a price target of $48. About the company: NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.
  • F5 Networks (NASDAQ:FFIV): ISI Group initiated coverage of this company with a rating of Buy and a price target of $110. About the company: F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company’s software-based solutions manage, control and optimize Internet traffic and content. F5′s solutions automatically deliver Internet content for service providers and e-businesses.
  • Juniper Networks (NYSE:JNPR): ISI Group initiated coverage of this company with a rating of Buy and a price target of $25. About the company: Juniper Networks, Inc. provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that includes IP routing, Ethernet switching, security and application acceleration solutions.
  • EMC (NYSE:EMC): ISI Group initiated coverage of this company with a rating of Buy and a price target of $29. About the company: EMC Corporation provides enterprise storage systems, software, networks, and services. The Company’s products store, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms. EMC operates offices around the world.
  • Apple (NASDAQ:AAPL): ISI Group initiated coverage of this company with a rating of Buy and a price target of $500. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • Rowan Cos (NYSE:RDC): Morgan Keegan initiated coverage of this company with a rating of Mkt Perform and a price target of $35. About the company: Rowan Companies, Inc. provides international and domestic contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.

(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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