New Analyst Ratings Before the Open (CGI, CIM, IRBT, HCC, MRVL, TNK, YUII)

Published on Wednesday, 07 July 2010 07:27 Written by Danny Miller

New York, July 7th (TradersHuddle.com) – Following are some of the new analyst ratings before the market open.

Research Firms Initiate:

Celadon Group (CGI), the trucking company operating in North America, was initiated with a Buy at Sterne Agee and an $18 target price.

Chimera Investment (NYSE:CIM), the specialty finance company, was initiated with a Buy at Jefferies and a $4.25 target price.

iRobot (NASDAQ:IRBT), the maker of Roomba vacuum robot, was initiated with a Neutral at Merriman. The analysts believe strong fundamentals and high expectations have been discounted.

HCC Insurance (NYSE:HCC), the property and casualty insurance underwriter, was initiated with an Outperform at JMP Securities.

Marvell Technology (NASDAQ:MRVL), the maker of integrated circuits for communications-related markets, was initiated with a Neutral at Susquehanna.

Teekay Tankers (NYSE:TNK), the owner and operator of a fleet of crude oil tankers, was initiated with Outperform at Oppenheimer and a $13 target price. The firm cited the reason for the rating as a balanced chartering strategy that mixes the revenue stability for time chartering with more volatile spot market exposure.

Yuhe International (NASDAQ:YUII), the supplier of day-old chickens raised for meat production, or broilers in China, was initiated with a Buy at Global Hunter. The analysts set a $15 target price.