New Ratings (BSX, CEVA, XRAY, ELNK, FFN, GILT, PNR, GRC, FENG, RL, RS, RTLX, ROVI, RRST, SPAR, TSEM, WOOF)

NYSE:RLNew York, June 22nd (TradersHuddle.com) – Following are some of the new analyst ratings before the market open.

 

Research Firms Initiate:

 

Boston Scientific (NYSE:BSX), the heart stent maker, was initiated with a Buy and a target price of $9 at Stifel Nicolaus. The firm said the company is approaching a pivotal point in the turnaround to increase shareholder value. EPS growth is positioned to accelerate, as Boston plans on margin uplift from the 2012 US launch of Promus Element, cost reduction initiatives, and a de-levered balance sheet.

 

Ceva (NASDAQ:CEVA) was initiated with Outperform and a target price of $34 at Oppenheimer. The firm said Ceva is a quality name which leads in both market share and technology advances in the baseband DSP segment; it enters the 4G/LTE market from a strong position after successfully playing catch-up in the 2G and 3G markets, and its track record bodes well as it enters new segments: tablet computing, internet enabled televisions, connected infrastructure, and smart grid.

 

Dentsply (NASDAQ:XRAY), the dental supplies provider, was initiated with a Buy at SunTrust.

 

EarthLink (NASDAQ:ELNK) was initiated with a Buy and a target price of $11 at Capstone.

 

FriendFinder Networks (NASDAQ:FFN) was initiated with a Buy and a target price of $14 at Ladenburg Thalmann.

 

Gilat Satellite (NASDAQ:GILT) was initiated with Perform and a target price of $5 at Oppenheimer. The firm said that delays and uncertainty around the U.S. defense budget have slowed Gilat's push into the military satellite communications market.

Pentair (NYSE:PNR), the maker of filtration and water related products, was initiated with a Buy at Jefferies.

 

Gorman-Rupp Company (NYSE:GRC) was initiated with a Buy and a target price of $38 at Jefferies.

 

Phoenix New Media Ltd (NYSE:FENG) was initiated with a Buy and a target price of $14.88 at Deutsche Bank.

 

Polo Ralph Lauren (NYSE:RL), the owner of one of America's Iconic apparel brands, was initiated with Outperform at Wells Fargo.

 

Reliance Steel (NYSE:RS) was initiated with Outperform at Credit Agricole.

 

Retalix (NASDAQ:RTLX) was initiated with a Perform and a target price of $15 at Oppenheimer. The firm believes the company has a strategy and product offering that is primed for growth. Moreover, with $6 a share in cash and a proven track record at beating the industry growth rate, the company looks attractive.

 

Rovi (NASDAQ:ROVI), the provider of digital entertainment technology solutions, was initiated with Outperform at Credit Agricole.

 

RRSAT Global (NASDAQ:RRST) was initiated with Outperform and a target price of $9 at Oppenheimer. The firm believes the company's refocused strategy will have it back on track for sustained earnings growth starting in 2012 as it had from 2005 to 2009, when it grew an average of 17% a year.

 

Spartan Motors (NASDAQ:SPAR) was initiated with a Buy at BB&T.

 

Tower Semicond (NASDAQ:TSEM) was initiated with Outperform and a target price of $1.50 at Oppenheimer. The firm can see value in this leading specialty foundry through the debt restructuring and large dilution potential. It believes the impressive top-line growth will continue.

 

VCA Antech (NASDAQ:WOOF) was initiated with Outperform and a target price of $28 at Barrington Research.

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