Susquehanna initiates coverage on Cameron International (NYSE: CAM) with a Positive. Price target $48.
Susquehanna analyst says, "We expect tender activity for deepwater rigs, subsea equipment, surface, valves and compression to accelerate in 2010 as oil companies gain confidence in the commodity recovery, which should allow Cameron to build on its significant backlog and create earnings upside to consensus forecasts in 2011-2012. We like the company's unique business mix, which provides equipment for all phases of the oilfield services cycle - from its shorter cycle surface equipment to its later cycle drilling systems packages - allowing it some exposure to drilling activity recovery, but also backlog stability. This, coupled with its leverage to key secular growth themes such as international, deepwater activity, and low capex requirements, will provide strong free cash flows for the foreseeable future."
"Cameron's earnings have shown greater resilience during the 2008-2009 downturn than the service companies, though this likely will reverse in 2010 during the early phases of the recovery, which may cause earlier-cycle stocks to get a closer look. However, we believe the valuation at a sharp discount to the services companies (18.5x 2010 EPS vs. 22.6x) already reflects this slower potential growth, and we would look to add positions in this high-quality company at discounted levels."
To see more analyst ratings on CAM Click Here.
Cameron International Corporation provides flow equipment products, systems, and services to oil and gas, and process industries worldwide.
We have a number of analyst firms out with new coverage on the recent IPO Education Management Corp. (Nasdaq: EDMC):
- Goldman Sachs starts the stock at Neutral with a $24.75 price target
- Piper Jaffray - at Overweight with a $30 price target
- JPMorgan - at Neutral
- BofA Merrill Lynch - at Buy with a $26 price target
- Credit Suisse - at Neutral
- Barclays - at Overweight with a $27 price target
- Robert W. Baird - at Neutral with a $25 price target
- BMO Capital - at Market Perform with a $26 price target
- Stifel Nicolaus - at Hold
- William Blair - at Market Perform
- Barrington Research - at Outperform with a $32 price target
Barclays initiates coverage on Talecris Biotherapeutics (Nasdaq: TLCR) with an Equalweight rating. Price target $24.
To see more analyst ratings on TLCR Click Here.
Talecris Biotherapeutics Holdings Corp., a biotherapeutic and biopharmaceutical company, engages in the production and marketing of plasma-derived protein therapies worldwide.
Needham & Co initiates coverage on Celsion Corporation (Nasdaq: CLSN) with a Buy rating. Price target $7.
To see more analyst ratings on CLSN Click Here.
Celsion Corporation, an oncology drug development company, develops and commercializes targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology.
Ladenburg Thalmann initiates coverage on Two Harbors Investment Corp. (NYSE Amex: TWO) with a Buy rating. Price target $11.
To see more analyst ratings on TWO Click Here.
More New Coverage
View Older Stories-
National Securities Initiates Coverage on SciClone Pharmaceuticals (SCLN) with a Buy
-
J.P. Morgan Initiates Coverage on Banco Santander (BSBR) with an Overweight
-
Bank of America Re-instates Coverage on Wynn Resorts (WYNN) with a Buy
-
Several Brokerage Firms Initiate Coverage on Echo Global Logistics (ECHO) With Overweight/Outperform Ratings
-
Hapoalim Securities Initiates Coverage on Merck (MRK) with a Hold; Vytorin and Zetia Headwinds
-
Piper Jaffray Initiates Coverage on Education Management (EDMC) with an Overweight; Distinctive Positioning
-
Sidoti & Co Initiates Coverage on Stratasys (SSYS) with a Neutral
-
ThinkEquity Initiates Coverage on Sourcefire (FIRE) with a Buy
-
Raymond James Initiates Coverage on Knight Capital (NITE) with a Market Perform
-
Raymond James Initiates Coverage on International Game Technology (IGT) with a Market Perform
-
Thomas Weisel Initiates Coverage on UQM Technologies (UQM) with an Overweight
-
Oppenheimer Initiates Coverage on China Integrated Energy (CBEH) with an Outperform
-
J.P. Morgan Initiates Coverage Movie Production, Theaters Stocks CNK & RGC
-
Several Brokerage Firms Initiate Coverage on Talecris Biotherapeutics (TLCR)
-
Janney Montgomery Scott Initiates Coverage on CRA International (CRAI) with a Neutral
-
Thomas Weisel Initiates Coverage on Satcon Technology (SATC) with a Marketweight
-
Credit Suisse Initiates Coverage on Walter Investment Management (WAC) with an Outperform
-
Jefferies & Co Initiates Coverage on Annaly Capital Management (NLY) with a Buy
-
Wells Fargo Initiates Coverage on Talecris Biotherapeutics (TLCR) with an Outpeform
-
Piper Jaffray Initiates Coverage on UQM Technologies (UQM) with an Overweight; Sees Significant Ramp in Sales Over Next 2-3 Yrs
-
Piper Jaffray Initiates Coverage on Clinical Data (CLDA) with an Overweight
-
Deutsche Bank Initiates Coverage on Wynn Macau with a Buy
-
Consensus Forms That Despite Tremendous YTD Move, Ford (F) Is Still Undervalued
-
Bernstein Initiates Coverage on Alexion Pharmaceuticals (ALXN) with at Market Perform
-
Rodman & Renshaw Initiates Coverage on Silvercorp Metals (SVM) with an Outperform
-
Rodman and Renshaw Initiates Coverage on Biosante Pharmaceuticals (BPAX) with an Outperform
-
Standpoint Research Initiates Coverage on Crocs (CROX) with a Buy
-
Standpoint Research Starts Ford Motor (F) at Buy
-
RBC Capital Starts Select Medical (SEM) at Outperform
-
Barclays Starts Parker-Hannifin (PH) at Equal Weight
-
Barclays Starts Stone Energy (SGY) at Equal Weight
-
Piper Jaffray Initiates Coverage on Telvent Git S.A. (TLVT) with an Overweight
-
Piper Jaffray Initiates Coverage on Veeco Instruments (VECO) with an Overweight; Currently Trading At Discount Vs. Peers
-
HSBC Starts PWRD at Overweight, SNDA, NTES at Neutral
-
Macquarie Initiates Coverage on Deere & Co (DE) with a Neutral
-
MKM Partners Initiates Coverage on Hertz Global (HTZ) & Avis Budget Group (CAR)
-
Jefferies & Co Initiates Coverage on Mettler-Toledo (MTD) with a Buy
-
Jefferies & Co Initiates Coverage on Millipore (MIL) with a Buy
-
Jefferies & Co Initiates Coverage on Thermo Fisher Scientific (TMO) with a Hold
-
Jefferies & Co Initiates Coverage on Sigma-Aldrich (SIAL) with a Hold
-
Jefferies & Co Initiates Coverage on Life Technologies (LIFE) with a Buy
-
GC Research Initiates Coverage on O2 MIcro (OIIM) with an Overweight
-
FBR Capital Resumes Coverage on Western Bancorp (UWBK) with a Market Perform
-
Wells Fargo Initiates Coverage on Select Medical Corp (SEM) with a Market Perform; IRF Joint Ventures Could Be Catalyst
-
Janney Montgomery Scott Initiates Coverage on Peet's Coffee and Tea (PEET) with a Buy; Diedrich Acquisition Complements Nicely
-
Jesup & Lamont Initiates Coverage on Thomas & Betts (TNB) with a Buy; Potential Upturn in Demand
-
Rodman & Renshaw Initiates Coverage on China Education Alliance (CEU) with a Market Outperform
-
Baird Initiates Coverage on Eaton Corp (ETN) with a Neutral
-
Oppenheimer Initiates Coverage on Changyou.com (CYOU) with a Perform
-
Oppenheimer Initiates Coverage on Shanda Games (GAME) with an Outperform
