Stock Analyst Coverage Initiated on These Companies: DMD, NBS, DMND, BMRN, BLTI, BCR, KALU, VRML, RPTP, VTSS, EXAR, CECE

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on September 16th.

  • Demand Media (NYSE:DMD): Barclays Capital initiated coverage of this company with a rating of Overweight and a price target of $11.  About the company: Demand Media, Inc. (Demand Media) is focused on an Internet-based model for the professional creation of content at scale. The Company’s business is comprised of two service offerings: Content & Media and Registrar.
  • Neostem (AMEX:NBS): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $3.  About the company: NeoStem, Inc. collects, processes, and stores adult stem cells for the donor’s future therapeutic use.
  • Diamond Foods (NASDAQ:DMND): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $87.  About the company: Diamond Foods, Inc. is a branded food company specializing in processing, marketing and distributing culinary, snack, in-shell and ingredient nuts.
  • Biomarin Pharm (NASDAQ:BMRN): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $36.  About the company: BioMarin Pharmaceutical Inc. develops and commercializes therapeutic enzyme products. The Company has applied its proprietary enzyme technology to develop products for lysosomal storage diseases and for the treatment of serious burns. BioMarin’s subsidiary provides analytical and diagnostic products and services in the area of carbohydrate biology.
  • Biolase Technology (NASDAQ:BLTI): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $6.  About the company: BioLase Technology, Inc. manufactures and markets laser dental, cosmetic, aesthetic, and surgical systems. The Company also manufactures a patented laser-based Hydrokinetic surgical cutting system.
  • C.R. Bard (NYSE:BCR): Rodman & Renshaw initiated coverage of this company with a rating of  Mkt Perform.  No price target was given.  About the company: C. R. Bard, Inc. designs, manufactures, packages, distributes, and sells medical, surgical, diagnostic, and patient care devices. The Company sells a broad range of products worldwide to hospitals, individual healthcare professionals, extended care facilities and alternate site facilities. Bard markets vascular, urological, oncological, and surgical specialties products.
  • Kaiser Alum (NASDAQ:KALU):  Stifel Nicolaus initiated coverage with a rating of Buy and a price target of $62.  About the company: Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.
  • Vermillion (NASDAQ:VRML): Ladenburg Thalmann initiated coverage of this company with a rating of Neutral.  No price target was given.  About the company: Vermillion, Inc. discovers, develops, and commercializes diagnostic tests. The Company focuses in the areas of oncology, hematology, cardiology, and women’s health.
  • Raptor Pharma (NASDAQ:RPTP): Oppenheimer initiated coverage of this company with a rating of Outperform and a price target of $11.  About the company: Raptor Pharmaceuticals Corporation researches existing drugs to improve them through specialized drug targeting methods and formulation changes.
  • Vitesse Semi (VTSS): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $3.5.  About the company: Vitesse Semiconductor Corporation (Vitesse) is a worldwide supplier of integrated circuits that are utilized by manufacturers of networking systems for Carrier, Enterprise and Storage communications applications.
  • Exar (NASDAQ:EXAR): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $8.5.  About the company: Exar Corporation designs, develops, and markets analog and mixed-signal integrated circuits for use in communications and video and imaging products. The Company also produces digital integrated circuits in communications products, as well as general purpose analog integrated circuits.
  • CECO Environ. (NASDAQ:CECE): FBR Capital initiated coverage of this company with a rating of Outperform and a price target of $8.  About the company: CECO Environmental Corp. is involved in the air quality management and pollution control industries. The Company manufactures and sells industrial air filters and filter fabrics, as well as supplies air quality improvement systems. CECO also provides environmental maintenance, monitoring, and management services.

(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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