Wall Street Analysts Initiated Ratings Coverage on These Stocks Today

Following is information on stock coverage initiated by analysts on June 24th, 2011:

  • Cloud Peak Energy (NYSE:CLD): Howard Weil started coverage of this stock with a rating of Market Perform. The shares are trading atr $20.27 and have traded in a 52-week range of $13.01 to $24.69.  Its market capitalization is $1.22 billion. About the company: Cloud Peak Energy, Inc. is a coal mining company. The Company’s operations include surface coal mines in Wyoming and in Montana. Cloud Peak produces sub-bituminous steam coal with low sulfur content and sells its coal primarily to electric utilities. Don’t Miss: Consider trying our Commodities Investment Newsletter (free for 14 days) and getting help from a professional.
  • DCT Industrial Trust (NYSE:DCT): Stifel Nicolaus started coverage of this stock with a rating of Hold.  The shares are trading at $5.06 and have traded in a 52-week range of $4.07 to $5.89.  Its market capitalization is $1.24 billion.  About the company:  DCT Industrial Trust Inc. is a real estate investment trust. The Company owns, acquires, develops and manages bulk distribution and light industrial properties located in the United States.
  • Intellipharmaceutics International (NASDAQ:IPCI): Ladenburg Thalmann started coverage of this stock with a rating of Buy.  The shares are trading at $3.75 and have traded in a 52-week range of $2.11 to $6.12.  Its market capitalization is $58.99 million.  About the company:  IntelliPharmaCeutics International Inc. develops drug delivery technologies. The Company has developed a controlled release drug delivery platform to provide life cycle management or new chemical entity delivery system solutions for virtually any small molecule.
  • Heidrick & Struggles (NASDAQ:HSII): Barrington Research started coverage of this stock with a rating of Market Perform.  The shares are trading at $21.58 and have traded in a 52-week range of $16.29 to $30.06.  Its market capitalization is $383.78 million.  About the company:  Heidrick & Struggles International, Inc. is an executive search firm with operations around the world. The Company identifies, evaluates, and recommends qualified candidates for senior level executive positions. Heidrick & Struggles provides its services to clients such as Fortune 500 companies, middle market and emerging growth companies, and governmental organizations.
  • DTE Energy (NYSE:DTE): Wunderlich started coverage of this stock with a rating of Hold.  The shares are trading at $49 and have traded in a 52-week range of $4.27 to $52.78.  Its market capitalization is $8.3 billion.  About the company:  DTE Energy Company, a diversified energy company, develops and manages energy-related businesses and services nationwide. The Company, through its subsidiaries, generates, purchases, transmits, distributes, and sells electric energy in southeastern Michigan. DTE is also involved in gas pipelines and storage, unconventional gas exploration, development, and production.
  • Exelon (NYSE:EXC): Wunderlich started coverage of this stock with a rating of Buy.  The shares are trading at $41.94 and have traded in a 52-week range of $37.63 to $44.49.  Its market capitalization is $27.79 billion.  About the company:  Exelon Corporation is a utility services holding company. The Company, through its subsidiaries distributes electricity to customers in Illinois and Pennsylvania. Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.
  • AT&T (NYSE:T): Kaufman Brothers started coverage of this stock with a rating of Hold.  The shares are trading at $30.57 and have traded in a 52-week range of $23.88 to $31.94.  Its market capitalization is $181.07 billion.  About the company:  AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing. Competitors to Watch: Sprint Nextel Corp. (NYSE:S), MetroPCS (NYSE:PCS), Vodafone (NASDAQ:VOD), Qwest (NYSE:Q), CenturyLink (NYSE:CTL), Cbeyond (NASDAQ:CBEY), Cincinnati Bell (NYSE:CBB), Frontier Communications (NYSE:FTR) and Verizon Communications Inc. (NYSE:VZ).

(Note: Selected financial data are sourced from Yahoo! Finance.  All data are assumed to be accurate.)

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