Wall Street Analysts Rate These Stocks Today

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on October 18th.

  • NVR (NYSE:NVR): MKM Partners initiated coverage of this company with a rating of Buy and a price target of $891. About the company: NVR, Inc. builds and markets homes and conducts mortgage banking activities. The Company builds single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and other tradenames. NVR provides a number of mortgage related services to its homebuilding customers and to other customers through its mortgage banking operations.
  • ARMOUR Residential REIT (AMEX:ARR): JMP Securities initiated coverage of this company with a rating of Mkt Perform. About the company: ARMOUR Residential REIT Inc. invests primarily in hybrid adjustable-rate, adjustable-rate and fixed-rate residential mortgage-backed securities issued or guaranteed by a U.S. Government-chartered entity. The Company intends to elect and qualify to be taxed as a real estate investment trust commencing with their taxable year ending December 31, 2009.
  • Medivation (NASDAQ:MDVN): Summer Street Research initiated coverage of this company with a rating of Buy and a price target of $27. About the company: Medivation Inc. acquires, develops, and sells or partners biomedical technologies in the early development stage of the research and development process.
  • Silicon Motion (NASDAQ:SIMO): Northland Securities initiated coverage of this company with a rating of Outperform and a price target of $25. About the company: Silicon Motion Technology Corporation is a semiconductor company that designs, develops, and markets semiconductor products for the multimedia consumer electronics market. The Company’s products include controllers used in mobile storage media and multimedia systems on a chip.
  • Alcoa (NYSE:AA): Stifel Nicolaus initiated coverage of this company with a rating of Buy and a price target of $13. About the company: Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products.
  • Children’s Place (NASDAQ:PLCE): FBR Capital initiated coverage of this company with a rating of Underperform. About the company: The Children’s Place Retail Stores, Inc. retails value-priced apparel and accessories for newborn to 12 year old children. The Company designs, contracts to manufacture, and sells its products under The Children’s Place brand name. The Children’s Place operates stores primarily located in regional shopping malls in the eastern half of the United States.
  • Ascena Retail Group (NASDAQ:ASNA): FBR Capital initiated coverage of this company with a rating of Mkt Perform. About the company: Ascena Retail Group, Inc. is a holding company for a national chain of women’s apparel specialty stores. The Company’s stores operate nationwide and in the District of Columbia.
  • American Eagle (NYSE:AEO): FBR Capital initiated coverage of this company with a rating of Mkt Perform. About the company: American Eagle Outfitters, Inc. retails men’s and women’s casual apparel, footwear, outerwear, and accessories. The Company’s products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.
  • Aeropostale (NYSE:ARO): FBR Capital initiated coverage of this company with a rating of Mkt Perform. About the company: Aeropostale, Inc. is a mall-based retailer of casual apparel and accessories that targets young women and men in the pre-teen and teenage market. The Company’s stores provide active-oriented, fashion basic merchandise. Aeropostale operates stores throughout the United States.
  • Fossil (NASDAQ:FOSL): FBR Capital initiated coverage of this company with a rating of Mkt Perform. About the company: Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories. The Company’s products include an extensive line of men’s and women’s fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.
  • Abercrombie & Fitch (NYSE:ANF): FBR Capital initiated coverage of this company with a rating of Outperform. About the company: Abercrombie & Fitch Co. is a specialty retailer that operates stores selling casual apparel, such as knit shirts, graphic t-shirts, jeans, woven shirts and personal care and other accessories for men, women and kids. The Company operates stores in the United States and Canada as well as retails its products over the Internet.
  • Chico’s FAS (NYSE:CHS): FBR Capital initiated coverage of this company with a rating of Outperform. About the company: Chico’s FAS, Inc. sells private label women’s casual clothing and related accessories. The Company’s clothing includes tops, pants, shorts, skirts, and dresses. Chico’s owns and operates stores throughout the United States.
  • AnnTaylor (NYSE:ANN): FBR Capital initiated coverage of this company with a rating of Outperform. About the company: AnnTaylor Stores Corporation, through its wholly owned subsidiary, retails women’s apparel, shoes, and accessories primarily under the Ann Taylor brand name. The Company operates throughout the United States.
  • Urban Outfitters (NASDAQ:URBN): FBR Capital initiated coverage of this company with a rating of Outperform. About the company: Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites. The Company’s Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets young women’s casual wear which it provides to the Company’s retail operations and sells to retailers worldwide.
  • Celanese (NYSE:CE): Ticonderoga initiated coverage of this company with a rating of Buy and a price target of $52. About the company: Celanese Corporation is a global industrial chemicals company. Its business involves processing chemical raw materials, such as ethylene and propylene, and natural products, including natural gas and wood pulp, into chemicals and chemical-based products.

(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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