Stock Analysts Initiated Coverage of these Shares Feb 3rd

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on February 3rd:

Core Labs (NYSE:CLB): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $110 >> $122. FBR Capital initiated coverage of this company with a rating of Mkt Perform and a price target of $115 >> $128.

Manitowoc (NYSE:MTW): UBS initiated coverage of this company with a rating of Neutral and a price target of $12 >> $16.

PerkinElmer (NYSE:PKI): UBS initiated coverage of this company with a rating of Buy and a price target of $26 >> $28. Mizuho initiated coverage of this company with a rating of Buy and a price target of $25 >> $30.

Novellus (NASDAQ:NVLS): UBS initiated coverage of this company with a rating of Neutral and a price target of $44 >> $51. Needham initiated coverage of this company with a rating of Buy and a price target of $51.75 >> $56.25.

Mattress Firm (NASDAQ:MFRM): UBS initiated coverage of this company with a rating of Buy and a price target of $30 >> $36.

KEMET (NYSE:KEM): UBS initiated coverage of this company with a rating of Neutral and a price target of $8 >> $10.

GT Advanced Tech. (NASDAQ:GTAT): UBS initiated coverage of this company with a rating of Buy and a price target of $9 >> $11.

CME Group (NASDAQ:CME): CME Group (NASDAQ:CME) yesterday said that it would launch a $100M fund that will be used to reimburse farmers and ranchers in the event of a future bankruptcy similar to that of MF Global,(MFGLQ) The New York Times reported yesterday. The new fund will become active next month, the newspaper added. UBS initiated coverage of this company with a rating of Buy and a price target of $325 >> $311.

ATMI (NASDAQ:ATMI): UBS initiated coverage of this company with a rating of Neutral and a price target of $20 >> $25.

Silicon Motion (NASDAQ:SIMO): Needham initiated coverage of this company with a rating of Buy and a price target of $25 >> $30.

Blackstone (NYSE:BX): Compass Point initiated coverage of this company with a rating of Neutral and a price target of $15 >> $18.5.

Cavium Networks (NASDAQ:CAVM): Auriga initiated coverage of this company with a rating of Buy and a price target of $37 >> $39. Mizuho initiated coverage of this company with a rating of Neutral and a price target of $27 >> $30. MKM Partners initiated coverage of this company with a rating of Neutral and a price target of $23 >> $27. Wunderlich initiated coverage of this company with a rating of Sell and a price target of $23 >> $20.

Columbia Sportswear (NASDAQ:COLM): Canaccord Genuity initiated coverage of this company with a rating of Hold and a price target of $55 >> $50.

Nu Skin (NYSE:NUS): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $52 >> $57.

Microchip (NASDAQ:MCHP): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $41 >> $42. Mizuho initiated coverage of this company with a rating of Neutral and a price target of $33 >> $37.

Cisco Systems (NASDAQ:CSCO): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $20 >> $23.

Gilead Sciences (NASDAQ:GILD): Needham initiated coverage of this company with a rating of Buy and a price target of $48 >> $54.

Energy XXI (NASDAQ:EXXI): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $37 >> $40.

MasterCard (NYSE:MA): Oppenheimer initiated coverage of this company with a rating of Outperform and a price target of $385 >> $400.

Wynn Resorts (NASDAQ:WYNN): Florida’s House Business and Consumer Affairs Subcommittee will take up a proposal that would allow $2B “destination casinos” and would also set up a new gambling regulation agency, ban Internet cafes and cut racino taxes in what will be its first, and possibly only, hearing by House members, according to The Sun Sentinel. Brean Murray initiated coverage of this company with a rating of Buy and a price target of $161 >> $153.

Las Vegas Sands (NYSE:LVS): Florida’s House Business and Consumer Affairs Subcommittee will take up a proposal that would allow $2B “destination casinos” and would also set up a new gambling regulation agency, ban Internet cafes and cut racino taxes in what will be its first, and possibly only, hearing by House members, according to The Sun Sentinel. Brean Murray initiated coverage of this company with a rating of Buy and a price target of $54 >> $57.

Ixia (NASDAQ:XXIA): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $13 >> $15. Mizuho initiated coverage of this company with a rating of Buy and a price target of $13 >> $18.

NetSuite (NYSE:N): FBR Capital initiated coverage of this company with a rating of Mkt Perform and a price target of $30 >> $37.

Digital River (NASDAQ:DRIV): FBR Capital initiated coverage of this company with a rating of Outperform and a price target of $26 >> $24.

Alliant Tech (NYSE:ATK): FBR Capital initiated coverage of this company with a rating of Mkt Perform and a price target of $81 >> $65.

Ross Stores (NASDAQ:ROST): FBR Capital initiated coverage of this company with a rating of Outperform and a price target of $57 >> $60.

Trimble Navigation (NASDAQ:TRMB): Trimble Navigation (NASDAQ:TRMB), which markets advanced positioning products, reported Q4 EPS of 54c, versus analysts’ consensus estimate of 48c. The company’s revenue also came in higher than expected. Trimble provided Q1 EPS guidance of 61c-63c, versus the consensus estimate of 58c. The company’s Q1 revenue guidance was also higher than expected. Trimble believes that its positive momentum will continue into 2012 and the company expects to post strong results in 2012, subject to worldwide economic conditions. “We enter 2012 with a strong portfolio that is dynamic and capable of producing significant growth over the next few years,” added Trimble CEO Willa McManmon. In early trading, Trimble jumped $3.17, or 6.57%, to $51.31. Needham initiated coverage of this company with a rating of Buy and a price target of $45 >> $57.

Power Integrations (NASDAQ:POWI): Needham initiated coverage of this company with a rating of Buy and a price target of $40 >> $43.

Benchmark Elec (NYSE:BHE): Needham initiated coverage of this company with a rating of Buy and a price target of $18.5 >> $21.

Concur Tech (NASDAQ:CNQR): Morgan Keegan initiated coverage of this company with a rating of Mkt Perform and a price target of $46 >> $50.

Open Text (NASDAQ:OTEX): Morgan Keegan initiated coverage of this company with a rating of Outperform and a price target of $67 >> $68.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com