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SunPower Corporation (SPWRA) Initiated as Sell at Auriga

SunPower Corporation (SPWRA) has been initiated today with coverage from the research analysts at Auriga.  Auriga begins this new coverage of SPWRA with an initial price target set at $14 dollars and rates performance of SPWRA as “sell.”  Auriga noted today that SunPower’s technology leadership is hindered by inefficient cost structure and poor operational execution, too.  Additionally noted that SunPower has a balance sheet which opens it to vulnerability in regard to pricing pressure. SPWRA dropped at the beginning of today’s... 
 

eBay Inc. (EBAY) Coverage Resumes at Wedbush

eBay Inc. (EBAY) is once again being coverad by the research analyst at investment firm Wedbush.  Wedbush resumes this new coverage of EBAY by increasing their perform price target of $34 to $35 dollars and rates EBAY as “neutral.”  It is notable that Wedush said they believe eBay should be able to sustain double-digit organic top line growth.  Wedbush further noted that PayPal growth is accelerating, which is owned by eBay. EBAY is up during today’s intraday and broke above resistance of $34.65 which was last set on April 28th,... 
 

Applied Micro Circuits (AMCC) Initiated as Buy at Sterne Agee

Applied Micro Circuits (AMCC) has been initiated today with coverage from the research analysts at Sterne Agee.  Agee begins this new coverage of AMCC with an initial price target set at $12 dollars and rates performance of AMCC as “buy.”  Agee also noted that they believe Applied Micro Circuits will be greatly benefited by a projected global refresh of optics at carriers around the globe coupled with accelerated growth in mobile data traffic and the combining of multiple interconnect technology protocols.  Lastly, Agee believes that... 
 

Stone Energy Corporation (SGY) Initiated as Buy at Dahlman Rose

Stone Energy Corporation (SGY) has been initiated today with coverage from the research analysts at Dahlman Rose.  Rose begins this new coverage of SGY with an initial price target set at $38 dollars and rates performance of SGY as “buy.”  Rose notes that Stone Energy is mostly a pure-play GOM shelf operator and is looking to reduce risk associated with GOM. SGY has been on a downtrend since reaching the high of $35.94 on May 2nd, 2011, but recently shares of SGY have been attempting to pullback out of bearish bias.  Two consecutive... 
 

Google Inc. (GOOG) Coverage Resumes as Buy at Needham

Google Inc. (GOOG) coverage has been resumed by the securities analysts at investments firm Needham.   Neehman re-issues this coverage of GOOG as “buy” and has a price target performance outlook of $725 dollars on shares of the company.  Needham noted earlier today that they find GOOG to be an appealing investment play and note that company growth could reach into further billions of dollars.  Additionally, Needham pointed out that search maintains its prominence as the growth driver for the company. Today is one of the largest volume... 
 

Syntel, Inc. (SYNT) Initiated as Buy at Needham

Syntel, Inc. (SYNT) has been initiated today with coverage from the research analysts at Needham.  Needham begins this new coverage of Syntel with an initial price target set at $70 dollars and rates performance of SYNT as “buy.”  Needham also noted that they believe the company will experience growth due to ongoing IT offshore trends.  Additionally, Needham sees the company as having strong capability in areas such as financial services, healthcare and ‘knowledge process’ outsourcing that should at minimum keep it in-line... 
 

Teva Pharmaceutical (TEVA) Coverage Begins as Buy at Argus

Teva Pharmaceutical (TEVA) has been initiated today with coverage from the research analysts at Argus.  Argus begins this new coverage of TEVA with an initial price target set at $58 dollars and rates performance of TEVA as “buy”  Argus noted that Teva plans on acquiring CEPH which will boost its position as a high margin company in their business sector of pharmaceutical companies. TEVA is a prime example of what whipsaw trends and price action looks like.  TEVA entered 2011 trading after experiencing massive consolidation throughout... 
 

HollyFrontier Coverages Begins as Outperform at Oppenheimer

HollyFrontier (HFC) has been initiated today with coverage from the research analysts at Oppenheimer.  Oppenheimer begins this new coverage of HollyFrontier with an initial price target set at $90 dollars and rates performance of HFC as “outperform.”  Oppenheimer analysts note that the company has infrastructure which is sophisticated enough to process low quality crude into high quality petroleum products which is desirable. HFC still continues to enjoy considerable bullish momentum after free-falling in 2008.  The current high on... 
 

DISH Network & DirectTV Begin as Buy at Brean Murray

DISH Network (DISH) & DirectTV (DTV) both have been initiated today with coverage from the research analysts at Brean Murray.  The firm begins both as “buy” and gives DISH a price target performance outlook of $41 dollars and provided DTV with one of $62 dollars, respectively.  Brean Murray noted that DISH is their ‘top pick’ of satellite broadcasters, noted recently acquired wireless spectrum will be a boon to the company.  Firm additionally noted in regard to DTV that the company is positioned capital appreciation... 
 

ATP Oil & Gas (ATPG) Begins as Market Outperform at Rodman & Renshaw

ATP Oil & Gas (ATPG) has been initiated today with coverage from the research analysts at Rodman & Renshaw.  Firm begins this new coverage of ATP Oil & Gas with an initial price target set at $22 dollars and rates performance of ATPG as “market outperform.”  Firm additionally noted that the company has had to navigate trying times while drilling in the Gulf of Mexico regarding the deepwater moratorium and has managed to do so commendably. ATPG has traded with overall positive sentiment over the last week of trading,... 
 

Titan International, Inc. (TWI) Coverage Begins as Buy at BB&T Capital Markets

Titan International, Inc. (TWI) has been initiated today with coverage from the research analysts at BB&T Capital Markets.  BB&T begins this new coverage of Titan International with an initial price target set at $32 dollars and rates performance of TWI as “buy.”  Titan International announced yesterday that they will increase the price of all Titan tires and Titan manufactured Goodyear branded tires on August 1st, 2011.  This price increase will be up to 8% which will offset production, material, transportation costs. TWI... 
 

Spirit Airlines, Inc. (SAVE) Coverage Begins as Buy at Dahlman Rose

Spirit Airlines, Inc. (SAVE) has been initiated today with coverage from the research analysts at Dahlman Rose.  Rose begins this new coverage of Spirit Airlines with an initial price target set at $18 dollars and rates performance of SAVE as “buy.”  Rose also noted that their price target is based on the operating strategy of the company and that they should be able to grow at a quick clip off a small base. SAVE gained more positive ground today than at any other time in its short time spent listed on the NASDAQ.  Shares opened... 
 

Solarwinds, Inc. (SWI) Coverage Begins as Neutral at Collins Stewart

Solarwinds, Inc. (SWI) has been initiated today with coverage from the research analysts at Collins Stewart.  Stewart begins this new coverage of Solarwinds with an initial price target set at $27 and rates performance of SWI as “neutral.”  Stewart noted that the company struggled throughout 2010 trading regarding bullish momentum but noted 1Q 2011 was solid thanks to a large government deal. Stewart is spot on with their sentiments.  SWI did have a difficult period during the middle of 2010 trading, especially with the enormous... 
 

TriQuint Semiconductor (TQNT) Coverage Begins as Neutral at UBS

TriQuint Semiconductor (TQNT) has been initiated today with coverage from the research analysts at UBS.  UBS begins this new coverage of TriQuint Semiconductor with an initial price target set at $11 dollars and rates performance of TQNT as “neutral.”  UBS noted that TriQuint Semiconductor has managed to assert itself as a leading supplier of RF components for smartphones.  Due to TriQuint’s wide-ranging technology and manufacturing expertise, they expect TriQuint to be a leading fixture among RF suppliers in the future. Praise... 
 

International Rectifier (IRF) Initated as Market Outperform at JMP Securities

International Rectifier (IRF) has been initiated today with coverage from the research analysts at JMP Securities.  JPM begins this new coverage of IRF with an initial price target set at $32 dollars and rates performance of the stock as “market outperform.”  JPM noted that due to design wins they see intermediate upside to earnings estimations.  Some of the design wins entailed are in cloud computing, automotive and appliance applications. 2011 traded began well for shares of of IRF as 2011 was particularly strong post-September,... 
 
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